Zuora (NYSE:ZUO) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Zuora (NYSE:ZUO) announced its earnings results on Monday. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04, Briefing.com reports. The business had revenue of $116.93 million for the quarter, compared to the consensus estimate of $116.03 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. Zuora’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS.

Zuora Stock Down 0.3 %

NYSE ZUO traded down $0.03 on Monday, reaching $9.95. The company had a trading volume of 1,605,153 shares, compared to its average volume of 1,827,923. The company’s fifty day moving average is $9.61 and its 200-day moving average is $9.29. Zuora has a 1-year low of $7.70 and a 1-year high of $10.85. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -31.19 and a beta of 1.66. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77.

Insider Transactions at Zuora

In other news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the transaction, the insider now owns 172,033 shares of the company’s stock, valued at $1,434,755.22. This trade represents a 10.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the transaction, the insider now directly owns 19,279 shares in the company, valued at approximately $174,667.74. This trade represents a 49.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,081 shares of company stock valued at $1,857,391 over the last three months. Company insiders own 8.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZUO. Needham & Company LLC reissued a “hold” rating and set a $15.00 price objective on shares of Zuora in a report on Monday, October 21st. Lake Street Capital restated a “hold” rating and issued a $10.00 price target on shares of Zuora in a research report on Friday, October 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Zuora has an average rating of “Hold” and a consensus target price of $11.43.

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.