Zuora (NYSE:ZUO) Downgraded by Craig Hallum

Zuora (NYSE:ZUO) was downgraded by research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Monday, Marketbeat.com reports. They presently have a $10.00 price target on the stock, down from their previous price target of $12.00. Craig Hallum’s price objective indicates a potential upside of 14.29% from the company’s current price.

A number of other analysts have also weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, May 23rd. Robert W. Baird increased their target price on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, June 27th. Lake Street Capital increased their target price on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group increased their target price on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora Stock Down 1.2 %

NYSE ZUO opened at $8.75 on Monday. The stock’s 50 day moving average is $9.83 and its 200 day moving average is $9.19. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 2.60. Zuora has a 12 month low of $7.05 and a 12 month high of $11.80. The stock has a market cap of $1.28 billion, a PE ratio of -20.35 and a beta of 1.71.

Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.09. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The company had revenue of $109.77 million for the quarter, compared to analyst estimates of $108.80 million. Research analysts predict that Zuora will post -0.16 EPS for the current fiscal year.

Insider Activity

In other Zuora news, CRO Robert J. Traube sold 11,294 shares of Zuora stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the transaction, the executive now owns 17,547 shares in the company, valued at $175,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zuora news, CRO Robert J. Traube sold 11,294 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the completion of the sale, the executive now owns 17,547 shares of the company’s stock, valued at $175,470. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tien Tzuo sold 239,198 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $9.44, for a total value of $2,258,029.12. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $59,962.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 334,644 shares of company stock worth $3,193,364. Company insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On Zuora

Several institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zuora by 4.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after purchasing an additional 1,239 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Zuora by 4.3% during the fourth quarter. Vontobel Holding Ltd. now owns 47,795 shares of the company’s stock worth $449,000 after purchasing an additional 1,969 shares during the period. Principal Financial Group Inc. lifted its holdings in Zuora by 18.6% in the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after acquiring an additional 2,851 shares during the period. ProShare Advisors LLC lifted its holdings in Zuora by 12.8% in the first quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after acquiring an additional 3,029 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Zuora by 25.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after acquiring an additional 3,582 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Company Profile

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.