Andrew M. Cohen Sells 3,794 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Andrew M. Cohen sold 3,794 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $8.29, for a total value of $31,452.26. Following the transaction, the insider now directly owns 134,104 shares of the company’s stock, valued at $1,111,722.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Zuora Trading Up 5.0 %

Shares of NYSE:ZUO traded up $0.42 during midday trading on Thursday, reaching $8.80. The company’s stock had a trading volume of 2,574,666 shares, compared to its average volume of 1,313,958. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $12.12. 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 firm has a 50 day moving average price of $8.67 and a two-hundred day moving average price of $8.49. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -18.48 and a beta of 1.90.

Zuora (NYSE:ZUO) last posted 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. The firm had revenue of $110.67 million for the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. As a group, analysts forecast that Zuora, Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZUO. Vanguard Group Inc. increased its stake in Zuora by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock valued at $153,642,000 after purchasing an additional 602,866 shares in the last quarter. BlackRock Inc. increased its position in Zuora by 3.2% in the 2nd quarter. BlackRock Inc. now owns 11,030,517 shares of the company’s stock valued at $121,005,000 after buying an additional 343,054 shares in the last quarter. Baillie Gifford & Co. increased its position in Zuora by 4.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,118,254 shares of the company’s stock valued at $32,552,000 after buying an additional 233,022 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Zuora by 13.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after buying an additional 429,705 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after acquiring an additional 406,841 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

About Zuora

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.