Insider Selling: Zuora, Inc. (NYSE:ZUO) CAO Sells 2,994 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CAO Matthew R. Dobson sold 2,994 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $24,969.96. Following the transaction, the chief accounting officer now owns 74,536 shares of the company’s stock, valued at approximately $621,630.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zuora Stock Performance

ZUO traded up $0.08 on Thursday, hitting $8.45. 1,896,638 shares of the company’s stock were exchanged, compared to its average volume of 1,381,571. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. The stock has a fifty day moving average of $8.69 and a two-hundred day moving average of $9.21. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $10.85. The firm has a market cap of $1.23 billion, a PE ratio of -19.65 and a beta of 1.72.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) 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 the consensus estimate of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. On average, research analysts anticipate that Zuora, Inc. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Zuora

A number of large investors have recently modified their holdings of ZUO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zuora during the second quarter worth approximately $44,000. CWM LLC raised its position in shares of Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Zuora in the 1st quarter worth approximately $83,000. Canada Pension Plan Investment Board bought a new position in shares of Zuora in the second quarter valued at approximately $85,000. Finally, Williams Financial LLC acquired a new position in shares of Zuora during the second quarter valued at approximately $119,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

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.