Matthew R. Dobson Sells 2,994 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CAO Matthew R. Dobson sold 2,994 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $24,969.96. Following the sale, the chief accounting officer now owns 74,536 shares of the company’s stock, valued at approximately $621,630.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Zuora Stock Performance

NYSE:ZUO opened at $8.61 on Friday. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $10.85. The business’s fifty day moving average is $8.68 and its 200 day moving average is $9.21. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -20.02 and a beta of 1.72.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Research analysts predict that Zuora, Inc. will post -0.06 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ZUO. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Zuora in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Zuora has a consensus rating of “Moderate Buy” and an average target price of $11.86.

Institutional Trading of Zuora

Institutional investors and hedge funds have recently bought and sold shares of the company. Scalar Gauge Management LLC purchased a new position in shares of Zuora during the 4th quarter valued at $12,620,000. BDF Gestion bought a new stake in Zuora during the second quarter valued at $3,426,000. Bares Capital Management Inc. grew its position in Zuora by 54.4% during the fourth quarter. Bares Capital Management Inc. now owns 1,235,000 shares of the company’s stock worth $11,609,000 after buying an additional 435,000 shares in the last quarter. Divisar Capital Management LLC bought a new position in Zuora in the 2nd quarter worth about $4,575,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Zuora in the 1st quarter valued at about $736,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

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.