Zuora Inc (NYSE:ZUO) has been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.91.
Several research analysts recently weighed in on the company. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Morgan Stanley dropped their price target on Zuora from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. Jefferies Financial Group dropped their price target on Zuora from $35.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Needham & Company LLC lowered Zuora from a “strong-buy” rating to a “buy” rating and set a $13.55 price target on the stock. in a research report on Friday, May 31st. Finally, Zacks Investment Research lowered Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th.
In related news, Director Jason Pressman sold 11,008 shares of the company’s stock in a transaction on 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 hyperlink. Also, SVP Jennifer Pileggi sold 10,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $16.02, for a total value of $160,200.00. The disclosure for this sale can be found here. Insiders have sold 31,008 shares of company stock worth $489,273 over the last three months. 26.02% of the stock is owned by insiders.
Shares of Zuora stock opened at $13.74 on Monday. The stock’s fifty day moving average is $15.27. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -16.76 and a beta of 1.96. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.05. Zuora has a 12-month low of $13.04 and a 12-month high of $35.68.
Zuora (NYSE:ZUO) last announced its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The company had revenue of $64.11 million for the quarter, compared to analyst estimates of $64.13 million. Zuora had a negative return on equity of 47.50% and a negative net margin of 31.80%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the firm earned ($0.29) earnings per share. As a group, equities analysts anticipate that Zuora will post -0.6 earnings per share for the current fiscal year.
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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