Zuora, Inc. (NYSE:ZUO) Insider Andrew M. Cohen Sells 13,319 Shares

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 13,319 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total value of $133,190.00. Following the completion of the sale, the insider now owns 120,785 shares of the company’s stock, valued at $1,207,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Zuora Stock Performance

Zuora stock remained flat at $9.27 during midday trading on Friday. The company had a trading volume of 2,694,721 shares, compared to its average volume of 1,528,095. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $12.12. The company has a market cap of $1.35 billion, a P/E ratio of -19.30 and a beta of 1.90. The business has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $8.51. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $110.80 million. On average, equities research analysts predict that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Robert W. Baird decreased their price objective on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Tuesday, January 23rd. 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. Finally, Canaccord Genuity Group decreased their price target on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th.

Hedge Funds Weigh In On Zuora

A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zuora by 4.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock valued at $263,000 after purchasing an additional 1,239 shares during the last quarter. American International Group Inc. boosted its stake in Zuora by 2.1% during the 4th quarter. American International Group Inc. now owns 66,153 shares of the company’s stock valued at $622,000 after purchasing an additional 1,373 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Zuora by 5.9% during the 1st quarter. Hsbc Holdings PLC now owns 26,146 shares of the company’s stock valued at $396,000 after purchasing an additional 1,447 shares during the last quarter. Federated Hermes Inc. boosted its stake in Zuora by 6.2% during the 3rd quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock valued at $245,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Zuora by 13.3% during the 4th quarter. Principal Financial Group Inc. now owns 15,367 shares of the company’s stock valued at $144,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds 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.