Zuora (NYSE:ZUO) Stock Price Up 4.5%

Zuora, Inc. (NYSE:ZUO - Get Free Report)'s share price rose 4.5% during trading on Thursday . The stock traded as high as $8.76 and last traded at $8.76. Approximately 340,173 shares changed hands during trading, a decline of 73% from the average daily volume of 1,280,309 shares. The stock had previously closed at $8.38.

Wall Street Analyst Weigh In

ZUO has been the topic of several recent research reports. The Goldman Sachs Group upgraded Zuora from a "neutral" rating to a "buy" rating and increased their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Robert W. Baird reduced their price objective on Zuora from $10.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, February 29th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Zuora in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group reduced their price objective on Zuora from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th.

Zuora Trading Up 5.0 %

The firm has a 50-day moving average of $8.67 and a 200-day moving average of $8.49. 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 market capitalization of $1.28 billion, a P/E ratio of -18.48 and a beta of 1.90.

Zuora (NYSE:ZUO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share 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 analyst estimates of $110.80 million. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. On average, equities research analysts anticipate that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Insider Transactions at Zuora

In other news, insider Andrew M. Cohen sold 3,794 shares of Zuora stock in a transaction that occurred 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 sale, the insider now directly owns 134,104 shares in the company, valued at approximately $1,111,722.16. The sale was disclosed in a filing with the SEC, which is available through this link. In other Zuora news, CEO Tien Tzuo sold 81,635 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $8.87, for a total value of $724,102.45. Following the sale, the chief executive officer now directly owns 6,352 shares of the company's stock, valued at $56,342.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew M. Cohen sold 3,794 shares of the business'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 completion of the sale, the insider now directly owns 134,104 shares in the company, valued at $1,111,722.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,085 shares of company stock worth $1,985,746. 9.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zuora

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Zuora by 41.7% during the first quarter. JPMorgan Chase & Co. now owns 640,724 shares of the company's stock valued at $9,598,000 after purchasing an additional 188,563 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Zuora by 207.5% during the first quarter. Raymond James & Associates now owns 37,212 shares of the company's stock valued at $557,000 after purchasing an additional 25,110 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Zuora by 242.6% during the first quarter. Acadian Asset Management LLC now owns 22,435 shares of the company's stock valued at $334,000 after purchasing an additional 15,887 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Zuora by 56.8% during the first quarter. MetLife Investment Management LLC now owns 58,644 shares of the company's stock valued at $878,000 after purchasing an additional 21,232 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Zuora by 1.5% during the first quarter. BlackRock Inc. now owns 8,274,224 shares of the company's stock valued at $123,948,000 after purchasing an additional 125,301 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

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.