Zacks Investment Research downgraded shares of Zuora (NYSE:ZUO) from a hold rating to a sell rating in a research note released on Sunday morning, Zacks.com reports.

According to Zacks, “Zuora, Inc. provides cloud-based software on a subscription basis. The company’s product portfolio includes Zuora Billing, Zuora RevPro, Zuora CPQ, Zuora Insights and Zuora Collect. Its platform offers Zuora Central. Zuora, Inc. is headquartered in San Mateo, California. “

ZUO has been the subject of a number of other research reports. ValuEngine upgraded shares of Zuora from a hold rating to a buy rating in a report on Saturday, July 6th. Morgan Stanley decreased their price target on Zuora from $22.00 to $16.00 and set an equal weight rating for the company in a research note on Friday, May 31st. Jefferies Financial Group lowered their price objective on Zuora from $35.00 to $29.00 and set a buy rating for the company in a research report on Friday, May 31st. Needham & Company LLC set a $18.00 price objective on Zuora and gave the stock a buy rating in a research report on Thursday, August 29th. Finally, Canaccord Genuity cut their price objective on Zuora from $28.00 to $18.00 and set a buy rating on the stock in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Zuora presently has a consensus rating of Hold and a consensus price target of $20.17.

Zuora stock opened at $15.89 on Friday. The firm has a 50-day moving average of $14.57 and a 200-day moving average of $18.17. Zuora has a one year low of $13.04 and a one year high of $26.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -19.38 and a beta of 1.91.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). The company had revenue of $69.70 million during the quarter, compared to the consensus estimate of $66.87 million. Zuora had a negative net margin of 30.81% and a negative return on equity of 48.45%. Zuora’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.13) EPS. As a group, sell-side analysts expect that Zuora will post -0.72 earnings per share for the current year.

In other news, Director Jason Pressman sold 11,008 shares of Zuora stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $15.35, for a total value of $168,972.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $16.02, for a total value of $160,200.00. The disclosure for this sale can be found here. Insiders have sold 31,008 shares of company stock worth $489,273 in the last ninety days. Insiders own 26.02% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group acquired a new position in Zuora in the second quarter valued at approximately $53,000. Needham Investment Management LLC grew its position in shares of Zuora by 62.8% during the 2nd quarter. Needham Investment Management LLC now owns 264,381 shares of the company’s stock worth $4,050,000 after buying an additional 102,000 shares during the period. UBS Group AG increased its stake in shares of Zuora by 5,802.4% in the 2nd quarter. UBS Group AG now owns 955,012 shares of the company’s stock valued at $14,631,000 after acquiring an additional 938,832 shares in the last quarter. First Manhattan Co. increased its stake in shares of Zuora by 79.2% in the 2nd quarter. First Manhattan Co. now owns 4,300 shares of the company’s stock valued at $65,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Eaton Vance Management bought a new stake in shares of Zuora in the 2nd quarter valued at $383,000. 51.67% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Example of operating income, EBIT and EBITDA

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