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Tuesday, March 2, 2021

ZUO Has Been Given A Hold Rating By Analysts

Several brokerages from Wall Street have issued a rating of hold for the stocks of ZUO according to reports. One of the investment analysts covering the firm has also given the company a rating of sell, while three others gave it a rating of hold. The price target set by the firm over the course of a single year for ZUO is $14.10. 

The Quarterly Estimates of ZUO

Zacks Investment Research has gone ahead and reduced the rating of the company from buy to hold in an 11th December research note.

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Interestingly, the stocks of ZUO traded on Monday at $16.83. The moving average price of the company over 50 days is $14.90, while the moving average price of the company over 200 days is $12.23. The quick ratio of the company has been set at 1.68, while the debt-to-equity ratio has been fixed at 0.02. The year low of the company is $6.21, while the year high has been set at $17.79. ZUO enjoys a market cap of around $2.01 billion, with a 2.20 beta, and a -24.39 PE ratio. 

The stocks of ZUO previously issued their quarterly results on the 2nd of December. The EPS reported by the company over the quarter was $0.01, which was compared with the consensus estimate put up at $0.05. The company has a 47.35% negative return on equity, with a negative net margin of around 27.34%. The revenue earned by the company for the quarter was $77.20 million, which was considerably more than the consensus range of $73.83 million.  

ZUO is simply software that uses the cloud to take care of other businesses as they are trying to get a foothold in the subscription business. The company offers its platform which works similar to a subscription management centre- which allows the client and the company to orient efficiently.

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