Zuora, Inc. (NYSE:ZUO) Receives $11.43 Consensus Price Target from Brokerages

Zuora, Inc. (NYSE:ZUO) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.43.

A number of research analysts recently issued reports on ZUO shares. Lake Street Capital reiterated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st.

Insiders Place Their Bets

In other news, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the sale, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. The trade was a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tien Tzuo sold 63,873 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the sale, the chief executive officer now owns 63,312 shares in the company, valued at approximately $528,022.08. This trade represents a 50.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock worth $1,857,391 in the last ninety days. Insiders own 8.62% of the company’s stock.

Hedge Funds Weigh In On Zuora

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora during the 2nd quarter valued at about $44,000. Quarry LP lifted its holdings in Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Zuora during the 3rd quarter valued at about $63,000. CWM LLC lifted its holdings in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Zuora during the 2nd quarter valued at about $85,000. 83.02% of the stock is owned by institutional investors.

Zuora Stock Down 0.1 %

Zuora stock opened at $9.90 on Thursday. The company has a market capitalization of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. The firm’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $9.34. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. Zuora has a 1-year low of $7.70 and a 1-year high of $10.85.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same period last year, the business posted ($0.12) EPS. Zuora’s revenue was up 6.8% compared to the same quarter last year.

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.