Zuora (NYSE:ZUO) Announces Quarterly Earnings Results

Zuora (NYSE:ZUO) released its earnings results on Monday. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04, Briefing.com reports. The business had revenue of $116.93 million for the quarter, compared to analyst estimates of $116.03 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share.

Zuora Stock Down 0.4 %

NYSE ZUO traded down $0.04 during midday trading on Monday, hitting $9.95. 1,606,250 shares of the company traded hands, compared to its average volume of 1,827,923. Zuora has a 52 week low of $7.70 and a 52 week high of $10.85. The company’s 50-day simple moving average is $9.61 and its 200-day simple moving average is $9.29. The company has a market cap of $1.51 billion, a PE ratio of -31.19 and a beta of 1.66. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Lake Street Capital reiterated a “hold” rating and set a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Finally, Needham & Company LLC restated a “hold” rating and set a $15.00 price objective on shares of Zuora in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.43.

Insider Transactions at Zuora

In related news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the sale, the insider now owns 19,279 shares of the company’s stock, valued at $174,667.74. This represents a 49.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the transaction, the insider now directly owns 172,033 shares in the company, valued at $1,434,755.22. This represents a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 221,081 shares of company stock valued at $1,857,391. Corporate 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.