Shares of Zuora, Inc. (NYSE:ZUO - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.43.
Several research firms have weighed in on ZUO. Lake Street Capital restated a "hold" rating and set a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC reaffirmed a "hold" rating and issued a $15.00 price target on shares of Zuora in a research report on Monday, October 21st.
Get Our Latest Research Report on Zuora
In other Zuora news, insider Peter Hirsch sold 18,855 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the transaction, the insider now owns 19,279 shares of the company's stock, valued at approximately $174,667.74. The trade was a 49.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.62% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Scalar Gauge Management LLC raised its position in Zuora by 27.4% in the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company's stock worth $55,897,000 after acquiring an additional 1,393,327 shares during the period. Solel Partners LP raised its holdings in shares of Zuora by 13.5% in the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock worth $40,299,000 after purchasing an additional 483,445 shares during the period. State Street Corp raised its holdings in shares of Zuora by 0.3% in the 3rd quarter. State Street Corp now owns 3,302,811 shares of the company's stock worth $28,470,000 after purchasing an additional 10,424 shares during the period. Geode Capital Management LLC lifted its stake in Zuora by 4.0% in the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company's stock valued at $27,047,000 after purchasing an additional 119,439 shares during the last quarter. Finally, Potrero Capital Research LLC grew its holdings in Zuora by 8.1% during the third quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company's stock valued at $25,423,000 after purchasing an additional 219,863 shares during the period. 83.02% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ZUO opened at $9.92 on Friday. Zuora has a twelve month low of $7.70 and a twelve month high of $10.85. The stock's 50 day moving average is $9.92 and its 200-day moving average is $9.31. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -20.24 and a beta of 1.66.
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.
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