Zuora (ZUO) Stock Price Down 5.5%

Zuora Inc (NYSE:ZUO)’s share price traded down 5.5% during mid-day trading on Monday . The company traded as low as $20.99 and last traded at $21.13. 1,134,700 shares changed hands during trading, a decline of 31% from the average session volume of 1,637,749 shares. The stock had previously closed at $22.35.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Zuora from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Thursday, March 28th. Canaccord Genuity upgraded shares of Zuora from a “hold” rating to a “buy” rating and upped their target price for the stock from $23.00 to $28.00 in a research report on Tuesday, March 19th. Needham & Company LLC upped their target price on shares of Zuora from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 20th. Finally, Goldman Sachs Group reiterated a “sell” rating and set a $18.00 target price on shares of Zuora in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Zuora has an average rating of “Buy” and an average target price of $26.17.

The stock has a market capitalization of $2.34 billion and a PE ratio of -25.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.86 and a current ratio of 1.86.



Zuora (NYSE:ZUO) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.03). Zuora had a negative net margin of 32.99% and a negative return on equity of 46.98%. The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $63.00 million. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts expect that Zuora Inc will post -0.55 EPS for the current fiscal year.

In related news, Director Michelangelo Volpi sold 19,187 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $19.48, for a total value of $373,762.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tyler Sloat sold 364,528 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $20.04, for a total transaction of $7,305,141.12. The disclosure for this sale can be found here. Insiders sold 971,156 shares of company stock worth $19,891,269 over the last 90 days.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in Zuora in the first quarter valued at approximately $29,000. Advisory Services Network LLC increased its stake in Zuora by 158.5% in the fourth quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock valued at $30,000 after purchasing an additional 1,030 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Zuora by 73.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock valued at $30,000 after purchasing an additional 645 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in Zuora in the fourth quarter valued at approximately $39,000. Finally, First Manhattan Co. bought a new stake in Zuora in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 32.56% of the company’s stock.

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About Zuora (NYSE:ZUO)

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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