A better buy-in window may exist right now for Zuora Inc. (ZUO)

Zuora Inc. (NYSE: ZUO) stock fell -0.80% on Monday to $8.69 against a previous-day closing price of $8.76. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $8.80 whereas the lowest price it dropped to was $8.54. The 52-week range on ZUO shows that it touched its highest point at $12.12 and its lowest point at $5.45 during that stretch. It currently has a 1-year price target of $13.00. Beta for the stock currently stands at 1.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZUO was down-trending over the past week, with a drop of -7.55%, but this was down by -11.69% over a month. Three-month performance dropped to -23.64% while six-month performance fell -3.44%. The stock gained 7.55% in the past year, while it has gained 36.64% so far this year. A look at the trailing 12-month EPS for ZUO yields -1.39 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.06. This implies an EPS growth rate of -88.20% for this year and 15.84% for next year.

Float and Shares Shorts:

At present, 138.60 million ZUO shares are outstanding with a float of 131.06 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.09 million, which was 2.20% higher than short shares on Jul 30, 2023. In addition to Mr. Tien Tzuo as the firm’s Co-Founder, Chairman & CEO, Mr. Robert J. E. Traube serves as its Pres & Chief Revenue Officer.

Institutional Ownership:

Through their ownership of 78.17% of ZUO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZUO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZUO analysts setting a high price target of $18.00 and a low target of $10.00, the average target price over the next 12 months is $13.00. Based on these targets, ZUO could surge 107.13% to reach the target high and rise by 15.07% to reach the target low. Reaching the average price target will result in a growth of 49.6% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded ZUO stock several times over the past three months with 23 Buys and 9 Sells. In these transactions, 375,821 shares were bought while 167,580 shares were sold. The number of buy transactions has increased to 57 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 918,820 while 567,210 shares were sold.

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