Zuora, Inc. (NYSE:ZUO - Get Free Report) CAO Matthew R. Dobson sold 2,475 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $21,309.75. Following the transaction, the chief accounting officer now directly owns 57,556 shares of the company's stock, valued at approximately $495,557.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Zuora Price Performance
Shares of Zuora stock opened at $8.56 on Thursday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12. The firm's 50-day moving average price is $8.76 and its two-hundred day moving average price is $8.49.
Zuora (NYSE:ZUO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. The firm had revenue of $110.67 million for the quarter, compared to analysts' expectations of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. On average, sell-side analysts expect that Zuora, Inc. will post -0.15 EPS for the current year.
Institutional Trading of Zuora
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Several hedge funds have recently modified their holdings of ZUO. First Trust Advisors LP grew its stake in shares of Zuora by 1,567.1% during the first quarter. First Trust Advisors LP now owns 2,204,905 shares of the company's stock valued at $33,029,000 after purchasing an additional 2,072,643 shares during the last quarter. Scalar Gauge Management LLC bought a new stake in shares of Zuora during the fourth quarter valued at approximately $12,620,000. Nuveen Asset Management LLC grew its stake in shares of Zuora by 70.4% during the second quarter. Nuveen Asset Management LLC now owns 2,324,567 shares of the company's stock valued at $25,500,000 after purchasing an additional 960,540 shares during the last quarter. Millennium Management LLC grew its stake in shares of Zuora by 63.4% during the second quarter. Millennium Management LLC now owns 2,342,112 shares of the company's stock valued at $20,962,000 after purchasing an additional 908,890 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Zuora by 81.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,866,739 shares of the company's stock valued at $27,964,000 after buying an additional 838,243 shares during the period. 83.02% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Zuora from $10.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, February 29th. Canaccord Genuity Group lowered their target price on shares of Zuora from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group raised shares of Zuora from a "neutral" rating to a "buy" rating and upped their target price for the company from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, February 29th.
Read Our Latest Analysis on Zuora
About Zuora
(
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Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.
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