Zuora (NYSE:ZUO) Sees Unusually-High Trading Volume

Zuora, Inc. (NYSE:ZUO) saw unusually-strong trading volume on Wednesday . Approximately 7,402,661 shares changed hands during trading, an increase of 420% from the previous session’s volume of 1,422,834 shares.The stock last traded at $9.71 and had previously closed at $8.47.

Wall Street Analysts Forecast Growth

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

Zuora Stock Down 0.2 %

The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. The business’s fifty day moving average price is $8.68 and its 200-day moving average price is $8.51.

Zuora (NYSE:ZUO) last issued its 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. The company had revenue of $110.67 million for the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. On average, equities analysts expect that Zuora, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrew M. Cohen sold 3,794 shares of Zuora stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total value of $31,452.26. Following the transaction, the insider now owns 134,104 shares in the company, valued at approximately $1,111,722.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Tien Tzuo sold 6,909 shares of Zuora stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $9.00, for a total transaction of $62,181.00. Following the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $57,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew M. Cohen sold 3,794 shares of Zuora stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the sale, the insider now directly owns 134,104 shares in the company, valued at approximately $1,111,722.16. The disclosure for this sale can be found here. Insiders have sold a total of 224,952 shares of company stock worth $1,951,070 in the last 90 days. 9.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zuora

A number of large investors have recently modified their holdings of ZUO. JPMorgan Chase & Co. boosted its stake in Zuora by 41.7% during the first quarter. JPMorgan Chase & Co. now owns 640,724 shares of the company’s stock worth $9,598,000 after acquiring an additional 188,563 shares in the last quarter. Raymond James & Associates boosted its stake in Zuora by 207.5% during the first quarter. Raymond James & Associates now owns 37,212 shares of the company’s stock worth $557,000 after acquiring an additional 25,110 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Zuora by 242.6% during the first quarter. Acadian Asset Management LLC now owns 22,435 shares of the company’s stock worth $334,000 after acquiring an additional 15,887 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Zuora by 56.8% during the first quarter. MetLife Investment Management LLC now owns 58,644 shares of the company’s stock worth $878,000 after acquiring an additional 21,232 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Zuora by 1.5% during the first quarter. BlackRock Inc. now owns 8,274,224 shares of the company’s stock worth $123,948,000 after acquiring an additional 125,301 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

About Zuora

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.