Zuora, Inc. (NYSE:ZUO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Zuora, Inc. (NYSE:ZUO) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.86.

A number of brokerages recently issued reports on ZUO. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Zuora in a research report on Thursday, August 22nd. Finally, Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th.

Insiders Place Their Bets

In other news, insider Peter Hirsch sold 58,267 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.06, for a total value of $527,899.02. Following the transaction, the insider now directly owns 14,566 shares in the company, valued at approximately $131,967.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Zuora news, CEO Tien Tzuo sold 114,825 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at $57,485.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Peter Hirsch sold 58,267 shares of Zuora stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.06, for a total transaction of $527,899.02. Following the transaction, the insider now owns 14,566 shares in the company, valued at approximately $131,967.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 301,833 shares of company stock valued at $2,719,755. Company insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

A number of hedge funds and other institutional investors have recently modified their holdings of ZUO. Scalar Gauge Management LLC purchased a new stake in Zuora during the fourth quarter valued at $12,620,000. Vanguard Group Inc. lifted its holdings in shares of Zuora by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after acquiring an additional 917,565 shares during the last quarter. Circumference Group LLC purchased a new position in Zuora in the fourth quarter worth about $6,392,000. Bares Capital Management Inc. increased its stake in Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after acquiring an additional 511,292 shares during the last quarter. Finally, Solel Partners LP raised its position in Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after purchasing an additional 483,445 shares during the period. 83.02% of the stock is owned by hedge funds and other institutional investors.

Zuora Trading Up 0.1 %

Shares of NYSE ZUO opened at $8.70 on Wednesday. Zuora has a 1 year low of $7.05 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a 50-day moving average of $8.77 and a 200 day moving average of $9.23. The stock has a market cap of $1.27 billion, a P/E ratio of -20.23 and a beta of 1.72.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, sell-side analysts expect that Zuora will post -0.06 EPS for the current fiscal year.

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.