Zuora, Inc. (NYSE:ZUO) Insider Andrew M. Cohen Sells 3,128 Shares

Posted by on Oct 11th, 2023

Zuora, Inc. (NYSE:ZUO – Get Free Report) insider Andrew M. Cohen sold 3,128 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $8.00, for a total transaction of $25,024.00. Following the sale, the insider now directly owns 107,942 shares in the company, valued at $863,536. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zuora Price Performance

ZUO opened at $7.98 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $1.12 billion, a P/E ratio of -9.73 and a beta of 1.82. The company’s 50-day simple moving average is $9.18 and its two-hundred day simple moving average is $9.60. Zuora, Inc. has a 52-week low of $5.45 and a 52-week high of $12.12.

Zuora (NYSE:ZUO – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Zuora had a negative net margin of 26.67% and a negative return on equity of 71.64%. The business had revenue of $108.05 million for the quarter, compared to analysts’ expectations of $108.81 million. During the same quarter in the prior year, the business earned ($0.25) EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Zuora, Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Zuora

Several institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC lifted its stake in shares of Zuora by 39.0% in the 2nd quarter. Legato Capital Management LLC now owns 76,175 shares of the company’s stock worth $836,000 after purchasing an additional 21,359 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Zuora by 70.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,324,567 shares of the company’s stock worth $25,500,000 after purchasing an additional 960,540 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Zuora by 17.5% in the 2nd quarter. Alliancebernstein L.P. now owns 134,041 shares of the company’s stock worth $1,470,000 after purchasing an additional 19,975 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Zuora by 15.9% in the 2nd quarter. Wells Fargo & Company MN now owns 63,755 shares of the company’s stock worth $699,000 after purchasing an additional 8,769 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Zuora in the 2nd quarter worth approximately $119,000. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ZUO has been the topic of several recent analyst reports. Robert W. Baird initiated coverage on shares of Zuora in a research report on Wednesday, July 12th. They set a “neutral” rating and a $12.00 price objective on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Zuora in a research report on Thursday, August 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Zuora in a research report on Wednesday, August 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.38.

Check Out Our Latest Research Report on Zuora

About Zuora

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Zuora (NYSE:ZUO)

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