Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo Sells 239,198 Shares

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 239,198 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total transaction of $2,258,029.12. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $59,962.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tien Tzuo also recently made the following trade(s):

• On Monday, April 1st, Tien Tzuo sold 81,635 shares of Zuora stock. The shares were sold at an average price of $8.87, for a total transaction of $724,102.45.
• On Monday, January 22nd, Tien Tzuo sold 6,909 shares of Zuora stock. The stock was sold at an average price of $9.00, for a total transaction of $62,181.00.

Zuora Stock Performance

ZUO stock remained flat at $9.27 on Friday. 2,694,721 shares of the company traded hands, compared to its average volume of 1,528,095. The firm’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $8.51. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $12.12. The stock has a market capitalization of $1.35 billion, a PE ratio of -19.27 and a beta of 1.90. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69.

Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. The firm had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. As a group, equities analysts forecast that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZUO has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Zuora in a report on Thursday, February 29th. Canaccord Genuity Group lowered their target price on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Robert W. Baird lowered their target price on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Finally, The Goldman Sachs Group upgraded shares of Zuora from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd.

Hedge Funds Weigh In On Zuora

Large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Zuora by 85.8% in the 3rd 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 during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock valued at $27,277,000 after purchasing an additional 406,841 shares during the period. Roberts Wealth Advisors LLC acquired a new stake in shares of Zuora in the fourth quarter valued at about $220,000. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 822,085 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 71,782 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

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.