Shares of Zuora Inc (NYSE:ZUO) have been given a consensus rating of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.60.

A number of research analysts have weighed in on ZUO shares. Canaccord Genuity lifted their price target on shares of Zuora from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, August 31st. Needham & Company LLC lifted their price target on shares of Zuora from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Zuora from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, August 31st. Jefferies Financial Group lifted their price target on shares of Zuora to $35.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, Zacks Investment Research cut shares of Zuora from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st.

Shares of ZUO traded up $0.82 during trading hours on Friday, reaching $21.27. The company had a trading volume of 819,416 shares, compared to its average volume of 1,362,402. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07. Zuora has a 12-month low of $17.72 and a 12-month high of $37.78.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Thursday, August 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The company had revenue of $57.75 million during the quarter, compared to analysts’ expectations of $54.00 million. As a group, research analysts anticipate that Zuora will post -0.78 EPS for the current year.

In other Zuora news, CFO Tyler Sloat sold 344,009 shares of Zuora stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $25.81, for a total transaction of $8,878,872.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jennifer Pileggi sold 20,000 shares of Zuora stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $25.07, for a total transaction of $501,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 579,238 shares of company stock worth $14,222,367.

Hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new stake in Zuora in the 2nd quarter valued at about $133,000. Tower Research Capital LLC TRC purchased a new position in shares of Zuora in the second quarter worth about $147,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Zuora in the third quarter worth about $261,000. Berman Capital Advisors LLC purchased a new position in shares of Zuora in the third quarter worth about $272,000. Finally, Quantbot Technologies LP increased its holdings in shares of Zuora by 257.9% in the third quarter. Quantbot Technologies LP now owns 12,884 shares of the company’s stock worth $297,000 after buying an additional 9,284 shares during the period. 12.76% of the stock is currently owned by hedge funds and other institutional investors.

Zuora Company Profile

Zuora, Inc 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 intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

Featured Article: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Zuora (NYSE:ZUO)

Receive News & Ratings for Zuora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zuora and related companies with MarketBeat.com's FREE daily email newsletter.