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

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 13,319 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total transaction of $133,190.00. Following the completion of the sale, the insider now owns 120,785 shares of the company’s stock, valued at approximately $1,207,850. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Zuora Stock Performance

NYSE:ZUO remained flat at $9.27 during mid-day trading on Friday. 2,694,721 shares of the company’s stock traded hands, compared to its average volume of 1,528,095. The stock has a market capitalization of $1.35 billion, a P/E ratio of -19.30 and a beta of 1.90. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $12.12. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. The business has a 50-day simple moving average of $8.68 and a 200 day simple moving average of $8.51.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The business had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. On average, research analysts expect that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zuora

A number of institutional investors have recently bought and sold shares of ZUO. Allspring Global Investments Holdings LLC purchased a new stake in Zuora in the third quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale purchased a new stake in Zuora in the third quarter valued at approximately $25,000. Quarry LP purchased a new stake in Zuora in the second quarter valued at approximately $26,000. Castleview Partners LLC purchased a new stake in Zuora in the second quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC grew its holdings in Zuora by 94.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock valued at $56,000 after purchasing an additional 2,495 shares during the period. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.