Cornercap Investment Counsel Inc. Makes New $494,000 Investment in Zuora, Inc. (NYSE:ZUO)

Cornercap Investment Counsel Inc. purchased a new stake in Zuora, Inc. (NYSE:ZUO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,322 shares of the company's stock, valued at approximately $494,000.

Several other large investors have also recently bought and sold shares of ZUO. MQS Management LLC bought a new stake in shares of Zuora during the third quarter worth approximately $161,000. Victory Capital Management Inc. boosted its stake in Zuora by 274.9% in the 3rd quarter. Victory Capital Management Inc. now owns 66,279 shares of the company's stock valued at $571,000 after purchasing an additional 48,601 shares during the period. GSA Capital Partners LLP boosted its stake in Zuora by 58.7% in the 3rd quarter. GSA Capital Partners LLP now owns 100,840 shares of the company's stock valued at $869,000 after purchasing an additional 37,279 shares during the period. Entropy Technologies LP acquired a new position in Zuora in the 3rd quarter valued at $155,000. Finally, Asset Management One Co. Ltd. increased its position in Zuora by 534.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 98,015 shares of the company's stock worth $845,000 after buying an additional 82,555 shares during the period. 83.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ZUO. Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Lake Street Capital reissued a "hold" rating and issued a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a "hold" rating and set a $15.00 target price on shares of Zuora in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $11.43.

Zuora Price Performance

Zuora stock traded down $0.01 during trading hours on Friday, reaching $9.90. 2,430,718 shares of the stock were exchanged, compared to its average volume of 3,872,959. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The company has a market cap of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. The stock has a 50 day moving average of $9.24 and a two-hundred day moving average of $9.33.

Zuora (NYSE:ZUO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same quarter last year, the business posted ($0.12) EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis.

Insider Buying and Selling

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the sale, the insider now owns 19,279 shares of the company's stock, valued at approximately $174,667.74. The trade was a 49.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the transaction, the insider now owns 172,033 shares of the company's stock, valued at $1,434,755.22. The trade was a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock worth $1,857,391 in the last ninety days. 8.62% of the stock is owned by insiders.

Zuora 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.