Zuora, Inc. (NYSE:ZUO) Receives $11.43 Consensus PT from Analysts

Shares of Zuora, Inc. (NYSE:ZUO) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.43.

A number of brokerages have recently weighed in on ZUO. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reaffirmed a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th.

Insider Transactions at Zuora

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $28,876.44. Following the sale, the chief accounting officer now directly owns 83,958 shares in the company, valued at $833,702.94. This trade represents a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Robert J. Traube sold 60,885 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $604,588.05. Following the transaction, the executive now directly owns 168,906 shares of the company’s stock, valued at approximately $1,677,236.58. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,254 shares of company stock valued at $2,041,628. 8.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Scalar Gauge Management LLC increased its position in Zuora by 27.4% during the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock worth $55,897,000 after buying an additional 1,393,327 shares during the period. Solel Partners LP boosted its stake in shares of Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after buying an additional 483,445 shares during the period. Divisar Capital Management LLC purchased a new stake in Zuora during the 2nd quarter valued at approximately $4,575,000. JPMorgan Chase & Co. lifted its position in Zuora by 52.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock worth $9,711,000 after acquiring an additional 387,876 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Zuora by 884.0% during the second quarter. Squarepoint Ops LLC now owns 333,817 shares of the company’s stock worth $3,315,000 after purchasing an additional 299,894 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Zuora Stock Up 0.2 %

Zuora stock opened at $9.94 on Friday. The company has a market capitalization of $1.53 billion, a PE ratio of -20.29 and a beta of 1.67. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. Zuora has a fifty-two week low of $7.70 and a fifty-two week high of $10.85. The firm has a 50 day moving average price of $9.92 and a 200 day moving average price of $9.31.

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.