Craig Hallum Downgrades Zuora (NYSE:ZUO) to Hold

Zuora (NYSE:ZUO) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Monday, MarketBeat Ratings reports. They currently have a $10.00 target price on the stock, down from their previous target price of $12.00. Craig Hallum’s target price would indicate a potential upside of 14.29% from the company’s previous close.

ZUO has been the topic of several other reports. Jefferies Financial Group lifted their price target on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Zuora in a research note on Thursday, June 27th. Robert W. Baird boosted their price objective on shares of Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Lake Street Capital boosted their price objective on shares of Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.86.

Zuora Trading Down 1.2 %

Shares of NYSE ZUO opened at $8.75 on Monday. The company’s fifty day moving average is $9.83 and its 200-day moving average is $9.19. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -20.35 and a beta of 1.71. Zuora has a twelve month low of $7.05 and a twelve month high of $11.80. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.09. The business had revenue of $109.77 million for the quarter, compared to analysts’ expectations of $108.80 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. Equities research analysts predict that Zuora will post -0.16 EPS for the current year.

Insider Buying and Selling at Zuora

In other news, CEO Tien Tzuo sold 239,198 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total transaction of $2,258,029.12. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $59,962.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Tien Tzuo sold 239,198 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total transaction of $2,258,029.12. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $59,962.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew M. Cohen sold 13,319 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total transaction of $133,190.00. Following the sale, the insider now directly owns 120,785 shares of the company’s stock, valued at approximately $1,207,850. The disclosure for this sale can be found here. Insiders sold 334,644 shares of company stock valued at $3,193,364 in the last quarter. Company insiders own 8.62% of the company’s stock.

Hedge Funds Weigh In On Zuora

Institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new position in Zuora during the 1st quarter worth approximately $83,000. Cornerstone Investment Partners LLC acquired a new position in Zuora during the 4th quarter worth approximately $166,000. Victory Capital Management Inc. increased its position in Zuora by 25.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock worth $166,000 after purchasing an additional 3,582 shares in the last quarter. Principal Financial Group Inc. increased its position in Zuora by 18.6% during the 1st quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after purchasing an additional 2,851 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in Zuora by 1,629.8% during the 1st quarter. EntryPoint Capital LLC now owns 21,588 shares of the company’s stock worth $197,000 after purchasing an additional 20,340 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

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.