Zuora, Inc., together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations. Its products include Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions; Zuora Revenue, a revenue recognition automation solution; Zuora CPQ for configuring deals, pricing, and quoting in a subscription business; Zuora Collect designed to/ handle the complicated function of payments associated with subscription-based businesses; and Zuora Marketplace. It sells its products through its direct sales force, systems integrators, management consulting firms, resellers, technology, and ecosystem partners. Zuora, Inc. was incorporated in 2006 and is headquartered in Redwood City, California.
Analyst Upgrades and Downgrades
Separately, Craig Hallum lowered their target price on shares of Zuora to $22.00 in a research note on Thursday, May 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.17.
Zuora Price Performance
Shares of ZUO Stock traded down $0.01 during trading on Monday, hitting $10.25. The company had a trading volume of 557,235 shares, compared to its average volume of 1,177,221. The stock's 50-day moving average is $9.17 and its two-hundred day moving average is $11.92. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -12.40 and a beta of 1.96. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.08. Zuora has a 52 week low of $8.22 and a 52 week high of $23.25.
Zuora (NYSE:ZUO - Get Rating) last issued its quarterly earnings results on Wednesday, May 25th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.07). Zuora had a negative return on equity of 52.39% and a negative net margin of 29.18%. The company had revenue of $93.20 million during the quarter, compared to the consensus estimate of $92.24 million. During the same period in the previous year, the company earned ($0.13) EPS. Zuora's quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts predict that Zuora will post -0.86 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CRO Robert J. Traube sold 21,626 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $8.93, for a total transaction of $193,120.18. Following the transaction, the executive now directly owns 59,223 shares in the company, valued at approximately $528,861.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zuora news, CEO Tien Tzuo sold 12,500 shares of the business's stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $8.88, for a total value of $111,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Robert J. Traube sold 21,626 shares of the company's stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $8.93, for a total transaction of $193,120.18. Following the sale, the executive now owns 59,223 shares of the company's stock, valued at $528,861.39. The disclosure for this sale can be found here. Insiders sold a total of 93,483 shares of company stock valued at $840,478 over the last 90 days. Insiders own 9.08% of the company's stock.