Zuora, Inc. (NYSE:ZUO) Given Average Rating of “Hold” by Analysts

Shares of Zuora, Inc. (NYSE:ZUO) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.43.

A number of brokerages have recently commented on ZUO. Needham & Company LLC restated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reaffirmed a “hold” rating and set a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th.

Insider Activity

In related news, insider Peter Hirsch sold 18,855 shares of Zuora stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now directly owns 19,279 shares in the company, valued at approximately $174,667.74. The trade was a 49.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd Mcelhatton sold 50,373 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $500,203.89. Following the transaction, the chief financial officer now directly owns 404,634 shares of the company’s stock, valued at $4,018,015.62. The trade was a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,254 shares of company stock worth $2,041,628 in the last quarter. Corporate insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On Zuora

A number of large investors have recently modified their holdings of ZUO. Palumbo Wealth Management LLC boosted its position in Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after acquiring an additional 1,210 shares during the last quarter. Arizona State Retirement System lifted its stake in Zuora by 4.0% in the 2nd quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after purchasing an additional 1,402 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Zuora by 3.1% during the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock worth $663,000 after purchasing an additional 2,303 shares during the last quarter. Diversified Trust Co grew its position in shares of Zuora by 6.9% in the third quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock valued at $358,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zuora in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Stock Performance

NYSE ZUO opened at $9.93 on Friday. Zuora has a 1 year low of $7.70 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77. The company has a market capitalization of $1.53 billion, a PE ratio of -20.26 and a beta of 1.67. The company has a fifty day moving average of $9.92 and a 200 day moving average of $9.32.

Zuora Company Profile

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.