In yesterday’s Wall Street session, Zuora Inc (NYSE:ZUO) shares traded at $9.90, unchanged from the previous session.
ZUO stock price is now 5.95% away from the 50-day moving average and 7.62% away from the 200-day moving average. The market capitalization of the company currently stands at $1.52B.
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With the price target maintained at $10, Craig Hallum recently Downgraded its rating from Buy to Hold for Zuora Inc (NYSE: ZUO). On January 23, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $10 to quote $12, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, HARKEY JOHN D JR, Director sold 236,218 shares of the company’s stock on Nov 06 ’24. The stock was sold for $2,338,818 at an average price of $9.90. Upon completion of the transaction, the Director now directly owns 201,000 shares in the company, valued at $1.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Chief Product & Tech Officer HIRSCH PETER sold 18,855 shares of the business’s stock. A total of $170,809 was realized by selling the stock at an average price of $9.06. This leaves the insider owning 19,279 shares of the company worth $0.19 million. A total of 7.65% of the company’s stock is owned by insiders.
During the past 12 months, Zuora Inc has had a low of $7.70 and a high of $10.85. As of last week, the company has a debt-to-equity ratio of 2.12, a current ratio of 2.71, and a quick ratio of 2.71. The fifty day moving average price for ZUO is $9.319 and a two-hundred day moving average price translates $9.1928 for the stock.
The latest earnings results from Zuora Inc (NYSE: ZUO) was released for 2024-07-31. The net profit margin was -10.61% and return on equity was -31.02% for ZUO. The company reported revenue of $115.4 million for the quarter, compared to $108.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.8 percent.
