Andrew M. Cohen Sells 20,773 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 20,773 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the transaction, the insider now owns 172,033 shares of the company’s stock, valued at $1,434,755.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Zuora Price Performance

NYSE ZUO traded up $0.08 during trading on Thursday, reaching $8.45. 1,896,638 shares of the company traded hands, compared to its average volume of 1,381,571. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. The stock’s 50 day moving average price is $8.69 and its two-hundred day moving average price is $9.21. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $10.85. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -19.65 and a beta of 1.72.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.09. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. As a group, analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current year.

Institutional Trading of Zuora

Several hedge funds have recently modified their holdings of ZUO. Vanguard Group Inc. raised its holdings in shares of Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after buying an additional 917,565 shares during the last quarter. Scalar Gauge Management LLC grew its holdings in Zuora by 35.4% during the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after acquiring an additional 1,332,343 shares during the last quarter. Solel Partners LP increased its position in Zuora by 13.5% in the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after acquiring an additional 483,445 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Zuora by 13.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after acquiring an additional 429,705 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its position in shares of Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ZUO. Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Zuora currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.