Insider Selling: Zuora, Inc. (NYSE:ZUO) Insider Sells 3,861 Shares of Stock

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 3,861 shares of Zuora stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $8.71, for a total value of $33,629.31. Following the sale, the insider now directly owns 148,640 shares of the company’s stock, valued at $1,294,654.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Zuora Price Performance

Shares of Zuora stock traded down $0.02 during trading on Friday, reaching $8.97. 332,499 shares of the company’s stock were exchanged, compared to its average volume of 1,423,898. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $11.80. The company has a market cap of $1.31 billion, a P/E ratio of -20.91 and a beta of 1.71. The firm’s 50-day moving average price is $9.79 and its 200 day moving average price is $9.19.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $109.77 million during the quarter, compared to analysts’ expectations of $108.80 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. As a group, research analysts anticipate that Zuora, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Zuora

Institutional investors and hedge funds have recently bought and sold shares of the company. BDF Gestion bought a new stake in shares of Zuora during the second quarter worth about $3,426,000. CWM LLC grew its stake in Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares during the period. Bares Capital Management Inc. increased its stake in shares of Zuora by 41.4% in the 1st quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after acquiring an additional 511,292 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Zuora by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 67,806 shares of the company’s stock valued at $619,000 after purchasing an additional 4,760 shares during the period. Finally, EntryPoint Capital LLC boosted its holdings in Zuora by 1,629.8% in the first quarter. EntryPoint Capital LLC now owns 21,588 shares of the company’s stock worth $197,000 after acquiring an additional 20,340 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Analysts Set New Price Targets

ZUO has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Zuora in a research report on Thursday, June 27th. Robert W. Baird lifted their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Lake Street Capital increased their price target on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Craig Hallum lowered Zuora from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $12.00 to $10.00 in a research note on Monday. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 target price on shares of Zuora in a research report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora Company Profile

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.