Zuora (ZUO) Issues FY 2020 Earnings Guidance

Zuora (NYSE:ZUO) updated its FY 2020 earnings guidance on Thursday. The company provided EPS guidance of $-0.44–0.4 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.45. The company issued revenue guidance of $209-211.5 million, compared to the consensus revenue estimate of $294.53 million.Zuora also updated its Q1 2020 guidance to $-0.14–0.13 EPS.

A number of brokerages have recently issued reports on ZUO. Needham & Company LLC upped their price target on Zuora from $27.00 to $30.00 and gave the company a strong-buy rating in a report on Wednesday. Canaccord Genuity raised Zuora from a hold rating to a buy rating and upped their price target for the company from $23.00 to $28.00 in a report on Tuesday. Goldman Sachs Group reaffirmed a sell rating and set a $18.00 price target 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $27.50.

Shares of NYSE:ZUO traded up $0.59 during midday trading on Thursday, reaching $24.33. 4,907,505 shares of the company’s stock traded hands, compared to its average volume of 1,331,938. Zuora has a one year low of $15.56 and a one year high of $37.78. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.07.

In other Zuora news, Director Michelangelo Volpi sold 161,116 shares of the stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $18.43, for a total value of $2,969,367.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jennifer Pileggi sold 10,000 shares of the stock in a transaction dated 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.

An institutional investor recently raised its position in Zuora stock. Geode Capital Management LLC raised its position in Zuora Inc (NYSE:ZUO) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,189 shares of the company’s stock after acquiring an additional 11,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.08% of Zuora worth $1,563,000 at the end of the most recent quarter. 32.75% of the stock is owned by institutional investors.

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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.

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Earnings History and Estimates for Zuora (NYSE:ZUO)

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