Zuora Inc (ZUO) Director Jason Pressman Sells 1,050 Shares

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Zuora Inc (NYSE:ZUO) Director Jason Pressman sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $17.87, for a total value of $18,763.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE ZUO opened at $16.80 on Wednesday. Zuora Inc has a twelve month low of $16.00 and a twelve month high of $37.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.98 and a quick ratio of 1.98.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Thursday, November 29th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Zuora had a negative return on equity of 54.38% and a negative net margin of 32.02%. The firm had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $58.96 million. The business’s quarterly revenue was up 32.8% on a year-over-year basis. On average, analysts anticipate that Zuora Inc will post -0.8 EPS for the current year.

A number of analysts have recently commented on the company. Canaccord Genuity boosted their price target on Zuora from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, August 31st. Needham & Company LLC boosted their price target on Zuora from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Zuora from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 31st. Jefferies Financial Group boosted their price target on Zuora to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Finally, FBN Securities assumed coverage on Zuora in a research report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Laurion Capital Management LP purchased a new stake in Zuora during the 2nd quarter valued at $2,720,000. Brown Advisory Inc. raised its stake in Zuora by 11.6% during the 3rd quarter. Brown Advisory Inc. now owns 64,985 shares of the company’s stock valued at $1,502,000 after buying an additional 6,741 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Zuora by 347.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 550,663 shares of the company’s stock valued at $12,726,000 after buying an additional 427,730 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Zuora during the 2nd quarter valued at $1,632,000. Finally, Travelers Companies Inc. purchased a new stake in Zuora during the 3rd quarter valued at $1,332,000. Institutional investors own 22.17% of the company’s stock.

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About Zuora

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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