Zuora Inc (NYSE:ZUO) President Marc Diouane sold 130,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $19.76, for a total value of $2,568,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE ZUO traded up $0.31 during mid-day trading on Thursday, hitting $19.51. 2,051,126 shares of the company traded hands, compared to its average volume of 1,655,710. Zuora Inc has a 1 year low of $15.56 and a 1 year high of $37.78. The company has a market cap of $2.08 billion and a price-to-earnings ratio of -23.79. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.07.

Zuora (NYSE:ZUO) last announced its earnings results on Thursday, March 21st. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Zuora had a negative net margin of 32.99% and a negative return on equity of 46.28%. The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.00 million. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, sell-side analysts expect that Zuora Inc will post -0.55 EPS for the current fiscal year.

Several brokerages have recently weighed in on ZUO. Zacks Investment Research upgraded Zuora from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday. Canaccord Genuity upgraded Zuora from a “hold” rating to a “buy” rating and upped their price objective for the company from $23.00 to $28.00 in a report on Tuesday, March 19th. Needham & Company LLC cut their price objective on Zuora from $38.00 to $27.00 and set a “buy” rating for the company in a report on Friday, November 30th. Finally, Goldman Sachs Group restated a “sell” rating and issued a $18.00 price objective on shares of Zuora in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.17.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in shares of Zuora by 158.5% during the fourth quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Zuora during the fourth quarter valued at $39,000. PNC Financial Services Group Inc. purchased a new stake in shares of Zuora during the fourth quarter valued at $100,000. Financial Advocates Investment Management purchased a new stake in shares of Zuora during the fourth quarter valued at $341,000. Finally, Virtu Financial LLC acquired a new position in Zuora during the fourth quarter valued at $203,000. 32.75% of the stock is owned by institutional investors and hedge funds.

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About Zuora

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.

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