Zuora (NYSE:ZUO) Price Target Cut to $22.00 by Craig Hallum Analysts

Zuora (NYSE:ZUO – Get a Rating) saw its target price drop by research analysts Craig Hallum to $22.00 in a note issued to investors on Thursday, Stock Target Advisor reports. Craig Hallum’s price target indicates upside potential of 123.12% from the current stock price.

A number of other stock analysts have also recently released reports on ZUO. Zacks Investment Research upgraded Zuora from a “hold” rating to a “sell” rating in a report released Thursday. Canaccord Genuity Group lowered its price target on Zuora from $27.00 to $23.00 and set a “buy” rating on the stock in a Thursday, March 3 research report. One financial analyst has assigned the stock a sell rating, two have issued a hold rating and four have assigned the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.43.

NYSE ZUO traded down $0.32 on Thursday, hitting $9.86. 96,700 shares of the company have been traded, against an average volume of 1,219,562. Zuora has a fifty-two-week low of $8.92 and a fifty-two-week high of $23.25. The company’s 50-day moving average price is $12.80 and its two-hundred-day moving average price is $15.87. The company has a market capitalization of $1.26 billion, a price-earnings ratio of -12.38 and a beta of 2.12.

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Zuora (NYSE:ZUO – Get Rating) last released its quarterly results on Wednesday, May 25. The company reported ($0.03) earnings per share for the quarter, missing analyst consensus estimates of ($0.01) by ($0.02). Zuora had a negative net margin of 28.67% and a negative return on equity of 47.82%. The company posted revenue of $93.20 million for the quarter, versus a consensus estimate of $92.24 million. During the same period last year, the company posted ($0.13) EPS. The company’s quarterly revenue increased 16.0% year over year. As a group, equity analysts expect Zuora to post -0.77 EPS for the current year.

Separately, CEO Tien Tzuo sold 10,000 shares of the company in a trade on Thursday, March 17. The shares were sold at an average price of $15.00, for a total value of $150,000.00. The sale was disclosed in a legal filing with the SEC, accessible via this link. Additionally, CFO Todd Mcelhatton sold 4,700 shares of the company in a trade on Monday, April 11. The shares were sold at an average price of $13.59, for a total transaction of $63,873.00. Following the sale, the CFO now directly owns 58,363 shares of the company, valued at approximately $793,153.17. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 57,206 shares of the company valued at $830,044. Insiders of the company own 9.08% of the shares of the company.

Institutional investors and hedge funds have recently been buying and selling stocks. AlphaCrest Capital Management LLC increased its stake in Zuora by 86.4% in Q4. AlphaCrest Capital Management LLC now owns 83,287 shares of the company worth $1,556,000 after purchasing an additional 38,605 shares during the period. CWM LLC bought a new position in Zuora in Q4 worth approximately $9,697,000. Kornitzer Capital Management Inc. KS bought a new position in Zuora in Q4 worth approximately $11,047,000. Formula Growth Ltd. increased its stake in Zuora by 5.1% in the third quarter. Formula Growth Ltd. now owns 998,200 shares of the company worth $16,550,000 after purchasing an additional 48,200 shares during the period. Finally, Metropolitan Life Insurance Co NY increased its stake in Zuora by 12.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 29,067 shares of the company worth $482,000 after purchasing an additional 3,204 shares during the period. Institutional investors hold 83.85% of the company’s shares.

Zuora Company Profile (Get an evaluation)

Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables businesses in various industries to launch, manage and transform into a subscription business. The company offers the Zuora Central platform which acts as an orchestration engine for clients to perform quote-to-revenue operations.

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