Zuora Inc (NYSE:ZUO)’s share price was down 5.5% during trading on Monday . The stock traded as low as $20.99 and last traded at $21.13. Approximately 1,134,700 shares changed hands during trading, a decline of 31% from the average daily volume of 1,637,749 shares. The stock had previously closed at $22.35.
A number of equities research analysts recently commented on ZUO shares. Zacks Investment Research upgraded shares of Zuora from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Needham & Company LLC upped their price target on shares of Zuora from $27.00 to $30.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 20th. Goldman Sachs Group reiterated a “sell” rating and set a $18.00 price target on shares of Zuora in a report on Friday, February 1st. Finally, Canaccord Genuity upgraded shares of Zuora from a “hold” rating to a “buy” rating and upped their price target for the company from $23.00 to $28.00 in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $26.17.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $2.33 billion and a P/E ratio of -27.26.
Zuora (NYSE:ZUO) last issued its quarterly earnings data on Thursday, March 21st. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.03). Zuora had a negative return on equity of 46.98% and a negative net margin of 32.99%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $63.00 million. The business’s revenue was up 28.7% on a year-over-year basis. Equities analysts forecast that Zuora Inc will post -0.55 EPS for the current year.
In other Zuora news, CFO Tyler Sloat sold 364,528 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $20.04, for a total value of $7,305,141.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michelangelo Volpi sold 19,187 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $19.48, for a total transaction of $373,762.76. The disclosure for this sale can be found here. Insiders sold a total of 971,156 shares of company stock valued at $19,891,269 over the last 90 days. Company insiders own 26.02% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in shares of Zuora by 5.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 11,915 shares of the company’s stock worth $216,000 after buying an additional 600 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Zuora by 73.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock worth $30,000 after buying an additional 645 shares during the period. Virtu Financial LLC grew its position in shares of Zuora by 7.8% in the 1st quarter. Virtu Financial LLC now owns 12,047 shares of the company’s stock worth $241,000 after buying an additional 872 shares during the period. Advisory Services Network LLC grew its position in shares of Zuora by 158.5% in the 4th quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock worth $30,000 after buying an additional 1,030 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Zuora in the 1st quarter worth about $29,000. 33.49% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Zuora (ZUO) Stock Price Down 5.5%” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2019/05/15/zuora-zuo-stock-price-down-5-5.html.
About Zuora (NYSE:ZUO)
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.
Featured Story: Do stock splits help investors?
Receive News & Ratings for Zuora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zuora and related companies with MarketBeat.com's FREE daily email newsletter.