Zuora, Inc. (NYSE:ZUO) Given Consensus Rating of “Hold” by Brokerages

Shares of Zuora, Inc. (NYSE:ZUO) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.43.

Several research firms have weighed in on ZUO. Needham & Company LLC reiterated a “hold” rating and set a $15.00 target price on shares of Zuora in a report on Monday, October 21st. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Lake Street Capital reiterated a “hold” rating and set a $10.00 target price on shares of Zuora in a report on Friday, October 18th.

Insider Activity

In other news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. The trade was a 49.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew M. Cohen sold 20,773 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. This trade represents a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 over the last three months. Corporate insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Scalar Gauge Management LLC raised its holdings in Zuora by 27.4% during the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock worth $55,897,000 after acquiring an additional 1,393,327 shares in the last quarter. Solel Partners LP raised its holdings in Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after acquiring an additional 483,445 shares in the last quarter. State Street Corp raised its holdings in Zuora by 0.3% during the third quarter. State Street Corp now owns 3,302,811 shares of the company’s stock worth $28,470,000 after acquiring an additional 10,424 shares in the last quarter. Geode Capital Management LLC raised its holdings in Zuora by 4.0% during the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock worth $27,047,000 after acquiring an additional 119,439 shares in the last quarter. Finally, Potrero Capital Research LLC raised its holdings in Zuora by 8.1% during the third quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock worth $25,423,000 after acquiring an additional 219,863 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

Zuora Stock Down 0.1 %

Shares of Zuora stock opened at $9.92 on Monday. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora has a 12 month low of $7.70 and a 12 month high of $10.85. The business has a fifty day simple moving average of $9.76 and a 200 day simple moving average of $9.30. The stock has a market cap of $1.52 billion, a PE ratio of -20.24 and a beta of 1.66.

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.