Zuora Inc (NYSE:ZUO) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $26.40.
A number of brokerages have recently weighed in on ZUO. FBN Securities began coverage on Zuora in a report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Morgan Stanley cut their price objective on Zuora from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Needham & Company LLC cut their price objective on Zuora from $38.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 30th. Jefferies Financial Group increased their price objective on Zuora to $35.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, Canaccord Genuity increased their price objective on Zuora from $26.00 to $28.00 and gave the company a “hold” rating in a report on Friday, August 31st.
Shares of ZUO stock opened at $18.14 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.03 and a quick ratio of 2.03. Zuora has a fifty-two week low of $16.00 and a fifty-two week high of $37.78.
Zuora (NYSE:ZUO) last announced its quarterly earnings data on Thursday, November 29th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $61.60 million during the quarter, compared to analyst estimates of $58.96 million. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. As a group, sell-side analysts predict that Zuora will post -0.8 earnings per share for the current fiscal year.
In related news, SVP Jennifer Pileggi sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $20.38, for a total transaction of $203,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Steven M. Spurlock sold 37,819 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $20.89, for a total value of $790,038.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 172,249 shares of company stock worth $3,700,801.
A number of institutional investors have recently bought and sold shares of ZUO. Flagship Harbor Advisors LLC acquired a new stake in Zuora during the second quarter worth about $133,000. Tower Research Capital LLC TRC acquired a new stake in Zuora during the second quarter worth about $147,000. Creative Financial Designs Inc. ADV acquired a new stake in Zuora during the third quarter worth about $261,000. Berman Capital Advisors LLC acquired a new stake in Zuora during the third quarter worth about $272,000. Finally, Quantbot Technologies LP grew its holdings in Zuora by 257.9% during the third quarter. Quantbot Technologies LP now owns 12,884 shares of the company’s stock worth $297,000 after acquiring an additional 9,284 shares during the period. 22.17% of the stock is currently owned by hedge funds and other institutional investors.
Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.
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