Zuora (ZUO) Set to Announce Earnings on Wednesday

Zuora (NYSE:ZUO – Get Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, May 24th. Parties interested in registering for the company’s conference call can do so using this link.

Zuora (NYSE:ZUO – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.11. The business had revenue of $103.04 million for the quarter, compared to analyst estimates of $99.70 million. Zuora had a negative return on equity of 68.59% and a negative net margin of 30.79%. On average, analysts expect Zuora to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zuora Stock Performance

Shares of Zuora stock opened at $8.13 on Wednesday. The business’s fifty day simple moving average is $8.70 and its 200 day simple moving average is $7.91. The firm has a market capitalization of $1.10 billion, a P/E ratio of -8.74 and a beta of 1.83. Zuora has a 12 month low of $5.45 and a 12 month high of $10.78. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.17.

Insider Activity

In related news, CEO Tien Tzuo sold 12,500 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $9.64, for a total transaction of $120,500.00. Following the completion of the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at $61,233.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Todd Mcelhatton sold 7,500 shares of the business’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $9.00, for a total transaction of $67,500.00. Following the completion of the transaction, the chief financial officer now directly owns 135,775 shares in the company, valued at $1,221,975. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tien Tzuo sold 12,500 shares of Zuora stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $9.64, for a total value of $120,500.00. Following the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $61,233.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,606 shares of company stock worth $803,526. 9.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zuora

Hedge funds have recently added to or reduced their stakes in the company. Atom Investors LP bought a new stake in Zuora during the fourth quarter worth about $229,000. Advisor Group Holdings Inc. lifted its stake in Zuora by 80.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 35,611 shares of the company’s stock worth $227,000 after purchasing an additional 15,916 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in Zuora by 149.6% during the third quarter. Ensign Peak Advisors Inc now owns 27,310 shares of the company’s stock worth $202,000 after purchasing an additional 16,370 shares during the last quarter. Man Group plc lifted its stake in Zuora by 122.1% during the fourth quarter. Man Group plc now owns 29,539 shares of the company’s stock worth $188,000 after purchasing an additional 16,239 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Zuora in the 2nd quarter valued at about $158,000. Institutional investors own 69.11% of the company’s stock.

Analyst Ratings Changes

ZUO has been the subject of a number of recent research reports. Lake Street Capital initiated coverage on Zuora in a research report on Tuesday, January 31st. They issued a “buy” rating and a $11.00 target price for the company. Jefferies Financial Group raised their target price on Zuora to $10.00 in a research report on Wednesday, March 15th. Canaccord Genuity Group raised their target price on Zuora from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a research report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zuora has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Zuora Company Profile

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Zuora, Inc engages in the provision of cloud-based subscription management platform. Its products include Zuora Billing, Zuora Revenue, Zuora CPQ, Zuora Collect AI, and Zuora Analytics. It offers solutions to software, healthcare, education, B2C, and communications industries. The company was founded in 2007 by K.V.