Zuora (NYSE:ZUO) Shares Gap Down to $9.56

Zuora, Inc. (NYSE:ZUOGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $9.56, but opened at $9.20. Zuora shares last traded at $9.07, with a volume of 354,212 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and decreased their target price for the company from $12.00 to $10.00 in a research report on Monday. Jefferies Financial Group lifted their target price on Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Needham & Company LLC reissued 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 lifted their price target on Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, Lake Street Capital lifted their price target on Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Check Out Our Latest Research Report on ZUO

Zuora Stock Performance

The stock has a 50 day moving average of $9.83 and a 200 day moving average of $9.19. 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 capitalization of $1.28 billion, a price-to-earnings ratio of -20.35 and a beta of 1.71.

Zuora (NYSE:ZUOGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The company had revenue of $109.77 million for the quarter, compared to analyst estimates 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, analysts predict that Zuora, Inc. will post -0.16 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrew M. Cohen sold 13,319 shares of Zuora stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $133,190.00. Following the transaction, the insider now directly owns 120,785 shares of the company’s stock, valued at $1,207,850. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zuora news, CEO Tien Tzuo sold 70,833 shares of Zuora stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.73, for a total value of $689,205.09. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $61,804.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew M. Cohen sold 13,319 shares of Zuora stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $133,190.00. Following the completion of the sale, the insider now owns 120,785 shares of the company’s stock, valued at $1,207,850. The disclosure for this sale can be found here. Insiders have sold a total of 334,644 shares of company stock valued at $3,193,364 over the last ninety days. 8.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zuora

A number of hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Zuora by 4.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after purchasing an additional 1,239 shares in the last quarter. CWM LLC increased 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 valued at $79,000 after acquiring an additional 1,590 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Zuora by 4.3% during the fourth quarter. Vontobel Holding Ltd. now owns 47,795 shares of the company’s stock valued at $449,000 after acquiring an additional 1,969 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after acquiring an additional 2,851 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Zuora by 12.8% during the first quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after acquiring an additional 3,029 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

Zuora Company Profile

(Get Free Report)

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.

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