Zuora, Inc. (NYSE:ZUO) CAO Matthew R. Dobson Sells 2,475 Shares of Stock

Zuora, Inc. (NYSE:ZUOGet Free Report) CAO Matthew R. Dobson sold 2,475 shares of Zuora stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $21,309.75. Following the sale, the chief accounting officer now owns 57,556 shares of the company’s stock, valued at $495,557.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zuora Stock Performance

Shares of ZUO stock opened at $8.56 on Thursday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. The company has a 50 day moving average price of $8.76 and a 200 day moving average price of $8.49. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $12.12.

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

Institutional Trading of Zuora

Several institutional investors have recently modified their holdings of ZUO. Allspring Global Investments Holdings LLC acquired a new position in Zuora in the 3rd quarter valued at $25,000. DekaBank Deutsche Girozentrale acquired a new position in Zuora in the 3rd quarter valued at $25,000. Quarry LP acquired a new position in Zuora in the 2nd quarter valued at $26,000. Castleview Partners LLC acquired a new position in Zuora in the 2nd quarter valued at $37,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Zuora by 94.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock worth $56,000 after purchasing an additional 2,495 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZUO. Canaccord Genuity Group dropped their price target on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Zuora in a report on Thursday, February 29th. The Goldman Sachs Group upgraded shares of Zuora from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Finally, Robert W. Baird dropped their price objective on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th.

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Zuora Company Profile

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Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.

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

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