Zuora, Inc. (NYSE:ZUO) CEO Sells $689,205.09 in Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 70,833 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.73, for a total transaction of $689,205.09. Following the completion of the transaction, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $61,804.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Tien Tzuo also recently made the following trade(s):

• On Wednesday, April 17th, Tien Tzuo sold 239,198 shares of Zuora stock. The stock was sold at an average price of $9.44, for a total transaction of $2,258,029.12.

Zuora Stock Up 0.4 %

Shares of ZUO stock opened at $9.64 on Friday. 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 of $9.89 and a 200 day moving average of $9.19. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $11.80.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The firm had revenue of $109.77 million during the quarter, compared to analyst estimates of $108.80 million. On average, equities analysts anticipate that Zuora, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ZUO shares. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Zuora in a research report on Thursday, May 23rd. Robert W. Baird raised their price objective on Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Jefferies Financial Group upped their target price on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research note 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. Finally, Lake Street Capital upped their price objective 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Zuora has a consensus rating of “Moderate Buy” and an average target price of $12.17.

Institutional Investors Weigh In On Zuora

A number of large investors have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new stake in shares of Zuora during the first quarter worth about $83,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Zuora in the 3rd quarter worth approximately $88,000. Cornerstone Investment Partners LLC purchased a new position in shares of Zuora during the fourth quarter valued at approximately $166,000. Victory Capital Management Inc. raised its holdings in shares of Zuora by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after acquiring an additional 3,582 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Zuora by 18.6% in the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after acquiring an additional 2,851 shares during the period. Institutional investors own 83.02% 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.