1 week Ago By ABMN Staff
Zuora, Inc. ( NYSE:ZUO – Get Free Report ) CAO Matthew R. Dobson sold 2,908 shares of the business’s stock in a transaction dated Thursday, January 2nd.
The stock was sold at an average price of $9.93, for a total value of $28,876.44.
Following the completion of the transaction, the chief accounting officer now directly owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. This trade represents a 3.
35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Zuora Stock Performance Shares of NYSE ZUO opened at $9.
94 on Friday. Zuora, Inc. has a 12-month low of $7.
70 and a 12-month high of $10.85. The firm has a market capitalization of $1.
53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66.
The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.
00. The firm has a 50 day moving average of $9.92 and a 200 day moving average of $9.
31. Analyst Ratings Changes A number of brokerages recently weighed in on ZUO. Needham & Company LLC restated a “hold” rating and set a $15.
00 price objective on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reiterated a “hold” rating and set a $10.00 target price on shares of Zuora in a research note on Friday, October 18th.
Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Zuora presently has an average rating of “Hold” and an average price target of $11.43.
Institutional Investors Weigh In On Zuora A number of hedge funds have recently modified their holdings of ZUO. Rhumbline Advisers raised its holdings in Zuora by 4.5% in the 2nd quarter.
Rhumbline Advisers now owns 193,923 shares of the company’s stock worth $1,926,000 after purchasing an additional 8,407 shares during the period. Arizona State Retirement System increased its position in Zuora by 4.0% in the second quarter.
Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after buying an additional 1,402 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Zuora by 18.0% in the second quarter.
Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock worth $7,409,000 after buying an additional 113,597 shares during the period. XTX Topco Ltd purchased a new position in shares of Zuora during the 2nd quarter valued at about $225,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zuora during the 2nd quarter valued at approximately $85,000.
Institutional investors own 83.02% of the company’s stock. Zuora Company Profile ( Get Free Report ) 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. Further Reading 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 .
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