Zuora (NYSE:ZUO) Shares Gap Down to $10.02

Shares of Zuora, Inc. (NYSE:ZUO - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.02, but opened at $9.50. Zuora shares last traded at $9.93, with a volume of 365,214 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group dropped their price target 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. Needham & Company LLC restated a "buy" rating and set a $15.00 price objective on shares of Zuora in a research report on Tuesday. 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. Finally, The Goldman Sachs Group upgraded Zuora from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $10.00 to $12.00 in a report on Tuesday, January 23rd.

Zuora Trading Down 1.5 %

The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $1.44 billion, a P/E ratio of -20.75 and a beta of 1.90. The business's 50-day moving average is $8.85 and its 200 day moving average is $8.61.

Zuora (NYSE:ZUO - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. The firm had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. As a group, analysts anticipate that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Zuora news, insider Andrew M. Cohen sold 3,794 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the completion of the transaction, the insider now owns 134,104 shares of the company's stock, valued at approximately $1,111,722.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Andrew M. Cohen sold 3,794 shares of Zuora 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 in the company, valued at approximately $1,111,722.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tien Tzuo sold 81,635 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $8.87, for a total value of $724,102.45. Following the transaction, the chief executive officer now owns 6,352 shares of the company's stock, valued at $56,342.24. The disclosure for this sale can be found here. Insiders sold 481,854 shares of company stock valued at $4,393,048 over the last 90 days. Company insiders own 9.25% of the company's stock.

Institutional Trading of Zuora

Several institutional investors and hedge funds have recently bought and sold shares of ZUO. Scalar Gauge Management LLC acquired a new stake in Zuora in the fourth quarter worth $12,620,000. Vanguard Group Inc. grew its stake in shares of Zuora by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,742,063 shares of the company's stock valued at $129,715,000 after buying an additional 822,085 shares during the period. Circumference Group LLC bought a new stake in shares of Zuora during the fourth quarter valued at approximately $6,392,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Zuora by 196.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 773,432 shares of the company's stock worth $6,373,000 after buying an additional 512,700 shares during the last quarter. Finally, Bares Capital Management Inc. raised its holdings in shares of Zuora by 54.4% in the 4th quarter. Bares Capital Management Inc. now owns 1,235,000 shares of the company's stock worth $11,609,000 after purchasing an additional 435,000 shares during the period. Institutional investors and hedge funds own 83.02% of the company's stock.

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.