Zuora (NYSE:ZUO) Sets New 1-Year High Following Analyst Upgrade

Zuora, Inc. (NYSE:ZUO – Get Rating)’s stock price hit a new 52-week high during trading on Friday after Lake Street Capital raised their price target on the stock from $11.00 to $12.00. The company traded as high as $10.79 and last traded at $10.50, with a volume of 593532 shares traded. The stock had previously closed at $10.20.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group increased their price objective on shares of Zuora to $10.00 in a report on Wednesday, March 15th. Canaccord Genuity Group lifted their price target on shares of 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 reiterated a “buy” rating and set a $15.00 price target on shares of Zuora in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Insider Activity at Zuora

In related news, CEO Tien Tzuo sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The shares were 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 owns 6,352 shares in the company, valued at $61,233.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Zuora news, CRO Robert J. Traube sold 19,335 shares of Zuora stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $9.00, for a total value of $174,015.00. Following the transaction, the executive now owns 36,892 shares of the company’s stock, valued at $332,028. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tien Tzuo sold 12,500 shares of Zuora stock in a transaction that occurred on Friday, March 31st. The shares were 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 approximately $61,233.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,606 shares of company stock worth $803,526. 9.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZUO. First Trust Advisors LP lifted its stake in Zuora by 1,567.1% in the first quarter. First Trust Advisors LP now owns 2,204,905 shares of the company’s stock valued at $33,029,000 after buying an additional 2,072,643 shares in the last quarter. Solel Partners LP bought a new stake in shares of Zuora in the fourth quarter worth $8,524,000. Bank of New York Mellon Corp lifted its position in shares of Zuora by 21.1% in the first quarter. Bank of New York Mellon Corp now owns 7,034,951 shares of the company’s stock worth $69,505,000 after purchasing an additional 1,225,569 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Zuora by 22,523.5% in the first quarter. Emerald Advisers LLC now owns 1,085,929 shares of the company’s stock worth $10,729,000 after purchasing an additional 1,081,129 shares in the last quarter. Finally, Gagnon Securities LLC bought a new stake in shares of Zuora in the first quarter worth $10,646,000. Institutional investors own 69.11% of the company’s stock.

Zuora Stock Performance

The stock’s 50-day moving average price is $8.66 and its 200 day moving average price is $7.99. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $1.41 billion, a P/E ratio of -11.65 and a beta of 1.83.

Zuora (NYSE:ZUO – Get Rating) last announced its quarterly earnings data 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 net margin of 29.09% and a negative return on equity of 66.53%. As a group, equities analysts predict that Zuora, Inc. will post -0.64 EPS for the current year.

About Zuora

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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.