Zuora (NYSE:ZUO) Updates Q2 Earnings Guidance

Zuora (NYSE:ZUO) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.09-0.10 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $111.5-113.5 million, compared to the consensus revenue estimate of $112.34 million. Zuora also updated its FY25 guidance to $0.41-0.43 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upgraded Zuora from a neutral rating to a buy rating and upped their target price for the company from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Robert W. Baird dropped their target price on Zuora from $10.00 to $8.00 and set a neutral rating on the stock in a research report on Thursday, February 29th. Needham & Company LLC reiterated a buy rating and issued a $15.00 target price on shares of Zuora in a research report on Wednesday, May 15th. Finally, Canaccord Genuity Group dropped their target price on Zuora from $16.00 to $13.00 and set a buy rating on the stock in a research report on Thursday, February 29th.

Zuora Stock Performance

NYSE:ZUO traded down $0.37 during trading hours on Wednesday, reaching $9.86. The company had a trading volume of 2,145,558 shares, compared to its average volume of 1,480,895. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market cap of $1.44 billion, a PE ratio of -20.54 and a beta of 1.84. The business’s 50 day moving average price is $9.41 and its 200-day moving average price is $8.91. Zuora has a 1-year low of $7.05 and a 1-year high of $12.12.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. The business had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. Research analysts forecast that Zuora will post -0.15 EPS for the current year.

Insider Buying and Selling at Zuora

In other news, CEO Tien Tzuo sold 81,635 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the completion of the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CRO Robert J. Traube sold 54,682 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $470,812.02. Following the completion of the transaction, the executive now directly owns 51,428 shares in the company, valued at approximately $442,795.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $8.87, for a total value of $724,102.45. Following the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $56,342.24. The disclosure for this sale can be found here. Insiders sold a total of 481,854 shares of company stock worth $4,393,048 in the last three months. 8.62% of the stock is owned by corporate insiders.

Zuora Company Profile

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.