Insider Selling: Zuora, Inc. (NYSE:ZUO) CFO Sells $87,200.00 in Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the sale, the chief financial officer now owns 310,622 shares in the company, valued at $2,708,623.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Zuora Stock Up 0.1 %

ZUO opened at $9.00 on Monday. The business has a 50 day moving average price of $9.77 and a two-hundred day moving average price of $9.18. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60. The company has a market cap of $1.31 billion, a PE ratio of -20.93 and a beta of 1.71. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $11.80.

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 firm had revenue of $109.77 million during the quarter, compared to the consensus estimate of $108.80 million. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. As a group, research analysts anticipate that Zuora, Inc. will post -0.16 EPS for the current year.

Institutional Trading of Zuora

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZUO. CWM LLC increased its position in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares during the period. 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 during the period. Finally, 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 during the period. 83.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ZUO. Lake Street Capital lifted their target price on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Jefferies Financial Group lifted their target price on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Robert W. Baird lifted their target price on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Zuora in a research report on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.86.

About Zuora

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.