Zuora (NYSE:ZUO) Issues Quarterly Earnings Results

Zuora (NYSE:ZUO) released its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.09, Briefing.com reports. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share.

Zuora Price Performance

Shares of ZUO stock traded down $0.01 on Thursday, reaching $8.49. 5,121,758 shares of the company were exchanged, compared to its average volume of 1,393,671. Zuora has a 1 year low of $7.05 and a 1 year high of $10.85. 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 business has a 50-day moving average price of $9.11 and a 200 day moving average price of $9.19. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -19.74 and a beta of 1.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ZUO shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday. Lake Street Capital upped their price target on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a research report on Thursday. Jefferies Financial Group lifted their price target on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird increased their price target on shares of Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Zuora currently has an average rating of “Moderate Buy” and an average target price of $11.86.

Insider Buying and Selling

In other Zuora news, CEO Tien Tzuo sold 114,825 shares of Zuora stock in a transaction on Monday, July 8th. The shares were sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $57,485.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Tien Tzuo sold 114,825 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at $57,485.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Robert J. Traube sold 21,949 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $8.72, for a total value of $191,395.28. Following the sale, the executive now directly owns 53,804 shares of the company’s stock, valued at $469,170.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,666 shares of company stock worth $3,408,961. Insiders own 8.62% of the company’s stock.

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.