Zuora, Inc. (NYSE:ZUO) CRO Sells $191,395.28 in Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 21,949 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total value of $191,395.28. Following the completion of the transaction, the executive now directly owns 53,804 shares in the company, valued at $469,170.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zuora Price Performance

NYSE:ZUO traded down $0.02 during mid-day trading on Friday, reaching $8.97. The stock had a trading volume of 332,499 shares, compared to its average volume of 1,423,898. Zuora, Inc. has a one year low of $7.05 and a one year high of $11.80. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $9.19. The stock has a market capitalization of $1.31 billion, a P/E ratio of -20.91 and a beta of 1.71.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.09. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The business had revenue of $109.77 million for the quarter, compared to analyst estimates of $108.80 million. As a group, analysts expect that Zuora, Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ZUO shares. Jefferies Financial Group increased their price objective on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird lifted their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.00 to $10.00 in a research report on Monday. Lake Street Capital lifted their price target on Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, June 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

Institutional Trading of Zuora

Institutional investors have recently bought and sold shares of the company. CWM LLC raised its stake in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares during the period. Quent Capital LLC bought a new stake in shares of Zuora in the first quarter worth about $83,000. Cornerstone Investment Partners LLC bought a new stake in Zuora in the 4th quarter worth approximately $166,000. Victory Capital Management Inc. raised its stake in Zuora by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after purchasing an additional 3,582 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after purchasing an additional 2,851 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

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.