Zuora, Inc. (NYSE:ZUO) Shares Acquired by Fmr LLC

FMR LLC lifted its stake in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 38.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 246,499 shares of the company's stock after buying an additional 68,338 shares during the quarter. FMR LLC owned approximately 0.16% of Zuora worth $2,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scalar Gauge Management LLC lifted its holdings in Zuora by 35.4% during the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company's stock worth $50,556,000 after buying an additional 1,332,343 shares during the last quarter. Solel Partners LP lifted its position in shares of Zuora by 13.5% during the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock worth $40,299,000 after buying an additional 483,445 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company's stock worth $9,942,000 after buying an additional 4,432 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Zuora by 27.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company's stock valued at $9,787,000 after buying an additional 212,200 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of Zuora by 3.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 822,830 shares of the company's stock valued at $8,171,000 after buying an additional 28,865 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company's stock.

Analyst Upgrades and Downgrades

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

Zuora Stock Performance

Zuora stock traded down $0.01 during trading hours on Friday, reaching $9.92. 997,124 shares of the stock were exchanged, compared to its average volume of 2,300,760. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The stock has a market cap of $1.52 billion, a P/E ratio of -20.24 and a beta of 1.66. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. The firm's 50 day moving average is $9.76 and its 200 day moving average is $9.30.

Insider Transactions at Zuora

In related news, CEO Tien Tzuo sold 63,873 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the sale, the chief executive officer now owns 63,312 shares of the company's stock, valued at approximately $528,022.08. The trade was a 50.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd Mcelhatton sold 51,879 shares of the company's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $432,670.86. Following the transaction, the chief financial officer now owns 356,875 shares in the company, valued at $2,976,337.50. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 over the last ninety days. 8.62% of the stock is currently owned by company 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.