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.
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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