Zuora, Inc. (NYSE:ZUO - Get Free Report) insider Andrew M. Cohen sold 3,794 shares of the company's stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the completion of the sale, the insider now owns 134,104 shares in the company, valued at approximately $1,111,722.16. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Zuora Price Performance
Shares of NYSE:ZUO opened at $8.80 on Friday. 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 fifty-two week low of $7.05 and a fifty-two week high of $12.12. The firm has a 50-day simple moving average of $8.66 and a 200 day simple moving average of $8.49. The company has a market cap of $1.28 billion, a PE ratio of -18.33 and a beta of 1.90.
Zuora (NYSE:ZUO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.10. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. The business had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. On average, sell-side analysts anticipate that Zuora, Inc. will post -0.15 EPS for the current year.
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently bought and sold shares of the company. Quilter Plc bought a new position in Zuora in the 1st quarter worth about $1,986,000,000. Quarry LP bought a new position in Zuora in the 2nd quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new position in Zuora in the 3rd quarter worth about $25,000. DekaBank Deutsche Girozentrale bought a new position in Zuora in the 3rd quarter worth about $25,000. Finally, Castleview Partners LLC bought a new position in Zuora in the 2nd quarter worth about $37,000. Institutional investors own 83.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ZUO. Robert W. Baird cut 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 cut 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. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of Zuora in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group raised shares of Zuora from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, January 23rd.
View Our Latest Stock Report on ZUO
Zuora Company Profile
(
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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.
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