Zuora (NYSE:ZUO) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.13-0.12) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12). Zuora also updated its FY 2020 guidance to $-0.44–0.4 EPS.
Shares of Zuora stock opened at $20.91 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.98 and a quick ratio of 1.98. Zuora has a 12-month low of $15.56 and a 12-month high of $37.78.
Zuora (NYSE:ZUO) last announced its earnings results on Thursday, March 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $64.10 million for the quarter, compared to analyst estimates of $63.00 million. Zuora had a negative return on equity of 46.28% and a negative net margin of 32.99%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. On average, equities research analysts expect that Zuora will post -0.56 EPS for the current year.
Several analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Zuora from $27.00 to $30.00 and gave the stock a strong-buy rating in a report on Wednesday. Canaccord Genuity raised shares of Zuora from a hold rating to a buy rating and raised their price objective for the stock from $23.00 to $28.00 in a report on Tuesday. Goldman Sachs Group reaffirmed a sell rating and set a $18.00 price objective on shares of Zuora in a report on Friday, February 1st. Finally, Zacks Investment Research reaffirmed a hold rating on shares of Zuora in a report on Saturday, January 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $27.50.
In other news, Director Michelangelo Volpi sold 161,116 shares of the firm’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $18.43, for a total value of $2,969,367.88. The sale 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 firm’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $19.67, for a total value of $196,700.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Zuora stock. Geode Capital Management LLC raised its stake in Zuora Inc (NYSE:ZUO) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,189 shares of the company’s stock after acquiring an additional 11,882 shares during the quarter. Geode Capital Management LLC owned about 0.08% of Zuora worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission. 32.75% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: Balanced Fund
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.