Zuora, Inc. (NYSE:ZUO) Receives $11.43 Average Target Price from Analysts

Shares of Zuora, Inc. (NYSE:ZUO) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.43.

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

Zuora Stock Down 0.2 %

Zuora stock opened at $9.95 on Monday. The company’s 50-day moving average price is $9.70 and its two-hundred day moving average price is $9.30. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. The stock has a market cap of $1.51 billion, a P/E ratio of -31.09 and a beta of 1.67. Zuora has a twelve month low of $7.70 and a twelve month high of $10.85.

Insiders Place Their Bets

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the transaction, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. The trade was a 49.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew M. Cohen sold 20,773 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the sale, the insider now owns 172,033 shares of the company’s stock, valued at $1,434,755.22. The trade was a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 in the last 90 days. Company insiders own 8.62% of the company’s stock.

Hedge Funds Weigh In On Zuora

A number of institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zuora in the second quarter valued at about $44,000. Quarry LP boosted its stake in shares of Zuora by 504.9% in 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 in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Zuora during the 3rd quarter valued at approximately $63,000. CWM LLC grew its holdings in shares of 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, Castleview Partners LLC acquired a new position in Zuora during the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

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.