Zuora, Inc. (NYSE:ZUO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Zuora, Inc. (NYSE:ZUO) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $11.86.

Several brokerages have recently issued reports on ZUO. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, May 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Zuora in a research note on Thursday, June 27th. Robert W. Baird upped their price objective on Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Lake Street Capital upped their price objective on Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Craig Hallum downgraded Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the company from $12.00 to $10.00 in a report on Monday, July 8th.

Zuora Price Performance

Zuora stock opened at $8.45 on Tuesday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a market cap of $1.23 billion, a P/E ratio of -19.65 and a beta of 1.71. The business’s fifty day moving average is $9.28 and its two-hundred day moving average is $9.22. Zuora has a 52 week low of $7.05 and a 52 week high of $10.85.

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

Insider Activity at Zuora

In other Zuora news, CEO Tien Tzuo sold 114,825 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.05, for a total value of $1,039,166.25. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $57,485.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zuora news, insider Peter Hirsch sold 58,267 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.06, for a total value of $527,899.02. Following the completion of the sale, the insider now directly owns 14,566 shares in the company, valued at $131,967.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tien Tzuo sold 114,825 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.05, for a total value of $1,039,166.25. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $57,485.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 372,666 shares of company stock worth $3,408,961. 8.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZUO. CWM LLC grew its holdings in shares of Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares in the last quarter. Quent Capital LLC bought a new position in shares of Zuora during the first quarter worth about $83,000. Canada Pension Plan Investment Board bought a new position in shares of Zuora during the second quarter worth about $85,000. Williams Financial LLC bought a new position in shares of Zuora during the second quarter worth about $119,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Zuora by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock worth $166,000 after buying an additional 3,582 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

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.