Zuora, Inc. (NYSE:ZUO) Insider Sells $31,452.26 in Stock

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 3,794 shares of Zuora stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total value of $31,452.26. Following the completion of the sale, the insider now directly owns 134,104 shares of the company’s stock, valued at $1,111,722.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Zuora Price Performance

NYSE:ZUO opened at $8.60 on Friday. Zuora, Inc. has a 12-month low of $7.05 and a 12-month high of $12.12. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. The stock’s fifty day simple moving average is $8.65 and its 200-day simple moving average is $8.50.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.10. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. The business had revenue of $110.67 million for the quarter, compared to analyst estimates of $110.80 million. On average, equities analysts predict that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ZUO. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, February 29th. Canaccord Genuity Group lowered their target price on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Robert W. Baird lowered their target price on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $12.00 in a research note on Tuesday, January 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. lifted its holdings in Zuora by 85.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock worth $4,239,000 after acquiring an additional 237,548 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Zuora by 14.0% during the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after acquiring an additional 406,841 shares in the last quarter. Roberts Wealth Advisors LLC bought a new position in Zuora during the fourth quarter worth about $220,000. Charles Schwab Investment Management Inc. lifted its holdings in Zuora by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,109,517 shares of the company’s stock worth $9,142,000 after acquiring an additional 71,782 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Zuora by 5.5% during the third quarter. Vanguard Group Inc. now owns 15,742,063 shares of the company’s stock worth $129,715,000 after acquiring an additional 822,085 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

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.