Zuora, Inc. (NYSE:ZUO) Insider Andrew M. Cohen Sells 13,319 Shares of Stock

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 13,319 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total transaction of $133,190.00. Following the completion of the sale, the insider now directly owns 120,785 shares in the company, valued at approximately $1,207,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zuora Stock Performance

Shares of ZUO opened at $9.27 on Friday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. The firm’s fifty day simple moving average is $8.69 and its two-hundred day simple moving average is $8.52. Zuora, Inc. has a 12 month low of $7.05 and a 12 month high of $12.12.

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

Hedge Funds Weigh In On Zuora

Institutional investors have recently made changes to their positions in the stock. Quilter Plc acquired a new position in shares of Zuora during the first quarter valued at about $1,986,000,000. Quarry LP acquired a new position in shares of Zuora during the second quarter valued at about $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Zuora during the third quarter valued at about $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Zuora during the third quarter valued at about $25,000. Finally, Castleview Partners LLC acquired a new position in shares of Zuora during the second quarter valued at about $37,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZUO shares. Robert W. Baird reduced their price objective on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Canaccord Genuity Group reduced their price objective on shares of Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group raised shares of Zuora from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Zuora in a research report on Thursday, February 29th.

About Zuora

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.