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.
Analysts Set New Price Targets
Separately, Craig Hallum dropped their price target on Zuora to $22.00 in a research report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.17.
Zuora Trading Up 0.6 %
Shares of ZUO Stock traded up $0.06 during mid-day trading on Thursday, reaching $9.91. The stock had a trading volume of 21,425 shares, compared to its average volume of 712,080. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.46 and a quick ratio of 2.46. Zuora has a one year low of $8.22 and a one year high of $23.25. The firm's 50 day simple moving average is $9.17 and its 200 day simple moving average is $12.05.
Zuora (NYSE:ZUO - Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.07). The business had revenue of $93.20 million for the quarter, compared to the consensus estimate of $92.24 million. Zuora had a negative return on equity of 52.39% and a negative net margin of 29.18%. Zuora's revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) earnings per share. On average, equities analysts predict that Zuora will post -0.86 earnings per share for the current year.
Insider Buying and Selling at Zuora
In related news, CRO Robert J. Traube sold 21,626 shares of Zuora 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 completion of the transaction, the executive now directly owns 59,223 shares of the company's stock, valued at approximately $528,861.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Robert J. Traube sold 21,626 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $8.93, for a total transaction of $193,120.18. Following the sale, the executive now directly owns 59,223 shares in the company, valued at approximately $528,861.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sri Srinivasan sold 31,221 shares of Zuora stock in a transaction on Friday, July 1st. The shares were sold at an average price of $8.93, for a total value of $278,803.53. Following the completion of the transaction, the insider now owns 69,344 shares of the company's stock, valued at approximately $619,241.92. The disclosure for this sale can be found here. Insiders have sold 93,483 shares of company stock worth $840,478 over the last three months. Company insiders own 9.08% of the company's stock.