Zuora, Inc. (NYSE:ZUO – Get Rating)’s share price reached a new 52-week low on Thursday after Craig Hallum lowered their price target on the stock from $16.00 to $10.00. The stock traded as low as $5.47 and last traded at $5.80, with a volume of 14744 shares. The stock had previously closed at $5.76.
Several other analysts have also issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Zuora in a research report on Friday, October 21st. They set a “neutral” rating and a $9.00 price target on the stock. Needham & Company LLC cut their target price on shares of Zuora from $24.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Finally, Canaccord Genuity Group cut their target price on shares of Zuora from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th.
Insider Transactions at Zuora
In other news, CRO Robert J. Traube sold 26,905 shares of Zuora stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $7.08, for a total transaction of $190,487.40. Following the transaction, the executive now owns 84,401 shares in the company, valued at $597,559.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CRO Robert J. Traube sold 26,905 shares of Zuora stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $7.08, for a total transaction of $190,487.40. Following the completion of the transaction, the executive now owns 84,401 shares of the company’s stock, valued at $597,559.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Mcelhatton sold 7,500 shares of Zuora stock in a transaction on Monday, October 10th. The shares were sold at an average price of $6.94, for a total transaction of $52,050.00. Following the completion of the sale, the chief financial officer now directly owns 95,353 shares of the company’s stock, valued at $661,749.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,561 shares of company stock worth $580,152. Company insiders own 9.08% of the company’s stock.
Institutional Investors Weigh In On Zuora
Several hedge funds and other institutional investors have recently bought and sold shares of ZUO. Aaron Wealth Advisors LLC bought a new stake in Zuora in the first quarter valued at $1,472,466,000. First Trust Advisors LP increased its position in shares of Zuora by 1,567.1% during the first quarter. First Trust Advisors LP now owns 2,204,905 shares of the company’s stock worth $33,029,000 after acquiring an additional 2,072,643 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Zuora during the first quarter worth about $19,216,000. Potrero Capital Research LLC bought a new stake in shares of Zuora during the first quarter worth about $16,995,000. Finally, Renaissance Technologies LLC increased its position in shares of Zuora by 282.3% during the second quarter. Renaissance Technologies LLC now owns 1,453,000 shares of the company’s stock worth $13,004,000 after acquiring an additional 1,072,900 shares in the last quarter. 86.37% of the stock is owned by institutional investors.
Zuora Trading Up 2.1 %
The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average price is $7.44 and its 200 day moving average price is $8.40. The company has a market capitalization of $775.57 million, a P/E ratio of -5.94 and a beta of 1.78.
Zuora Company Profile
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.