Tien Tzuo Sells 239,198 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 239,198 shares of Zuora stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total transaction of $2,258,029.12. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $59,962.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Tien Tzuo also recently made the following trade(s):

• On Monday, April 1st, Tien Tzuo sold 81,635 shares of Zuora stock. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45.
• On Monday, January 22nd, Tien Tzuo sold 6,909 shares of Zuora stock. The stock was sold at an average price of $9.00, for a total transaction of $62,181.00.

Zuora Price Performance

NYSE:ZUO remained flat at $9.27 during mid-day trading on Friday. 2,694,721 shares of the company traded hands, compared to its average volume of 1,528,095. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. Zuora, Inc. has a 12 month low of $7.05 and a 12 month high of $12.12. The company has a market cap of $1.35 billion, a P/E ratio of -19.27 and a beta of 1.90. The firm’s 50-day moving average is $8.68 and its 200-day moving average is $8.51.

Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $110.67 million during the quarter, compared to analysts’ expectations of $110.80 million. Analysts anticipate that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group raised shares of Zuora from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Canaccord Genuity Group reduced their target price on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, February 29th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its position in Zuora by 85.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock valued at $4,239,000 after purchasing an additional 237,548 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Zuora by 14.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after buying an additional 406,841 shares during the period. Roberts Wealth Advisors LLC purchased a new stake in shares of Zuora in the 4th quarter worth about $220,000. Vanguard Group Inc. grew its position 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 worth $129,715,000 after buying an additional 822,085 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Zuora by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,109,517 shares of the company’s stock worth $9,142,000 after buying an additional 71,782 shares during the period. 83.02% of the stock is owned by hedge funds and other institutional investors.

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.