Jason Pressman Sells 11,008 Shares of Zuora Inc (NYSE:ZUO) Stock

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Zuora Inc (NYSE:ZUO) Director Jason Pressman sold 11,008 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $15.35, for a total transaction of $168,972.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of ZUO traded up $0.25 during mid-day trading on Wednesday, hitting $15.91. The company had a trading volume of 1,390,193 shares, compared to its average volume of 1,905,171. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.91 and a current ratio of 1.91. Zuora Inc has a 1-year low of $13.04 and a 1-year high of $35.87. The stock has a market capitalization of $1.73 billion, a PE ratio of -19.40 and a beta of 2.01.

Zuora (NYSE:ZUO) last released its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.01). Zuora had a negative return on equity of 47.50% and a negative net margin of 31.80%. The company had revenue of $64.11 million during the quarter, compared to analyst estimates of $64.13 million. During the same period in the prior year, the business posted ($0.29) earnings per share. Zuora’s revenue was up 22.2% on a year-over-year basis. As a group, sell-side analysts expect that Zuora Inc will post -0.6 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in Zuora by 73.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock valued at $30,000 after buying an additional 645 shares during the period. Virtu Financial LLC raised its holdings in Zuora by 7.8% in the first quarter. Virtu Financial LLC now owns 12,047 shares of the company’s stock valued at $241,000 after buying an additional 872 shares during the period. Advisory Services Network LLC raised its holdings in Zuora by 158.5% in the fourth quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock valued at $30,000 after buying an additional 1,030 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Zuora in the first quarter valued at approximately $29,000. Finally, Northern Trust Corp raised its holdings in Zuora by 9.9% in the fourth quarter. Northern Trust Corp now owns 24,937 shares of the company’s stock valued at $453,000 after buying an additional 2,251 shares during the period. Hedge funds and other institutional investors own 37.84% of the company’s stock.

Several research firms have issued reports on ZUO. Zacks Investment Research cut shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 8th. Morgan Stanley decreased their target price on shares of Zuora from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. ValuEngine cut shares of Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Canaccord Genuity decreased their target price on shares of Zuora from $28.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Jefferies Financial Group decreased their target price on shares of Zuora from $35.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.43.

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Zuora Company Profile

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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Insider Buying and Selling by Quarter for Zuora (NYSE:ZUO)

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