BDF Gestion Grows Holdings in Zuora, Inc. (NYSE:ZUO)

BDF Gestion grew its position in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 34.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 465,000 shares of the company's stock after purchasing an additional 120,000 shares during the quarter. BDF Gestion owned approximately 0.32% of Zuora worth $4,008,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ZUO. 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 period. Vanguard Group Inc. raised its holdings in Zuora by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company's stock worth $157,434,000 after purchasing an additional 917,565 shares during the last quarter. Bares Capital Management Inc. lifted its position in shares of Zuora by 41.4% in the 1st quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company's stock worth $15,926,000 after purchasing an additional 511,292 shares during the period. Solel Partners LP lifted its position in shares of Zuora by 13.5% in the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock worth $40,299,000 after purchasing an additional 483,445 shares during the period. Finally, Divisar Capital Management LLC bought a new stake in shares of Zuora in the 2nd quarter valued at $4,575,000. 83.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on ZUO shares. Craig Hallum cut shares of Zuora from a "buy" rating to a "hold" rating and cut their price target for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.86.

Zuora Stock Up 2.0 %

Zuora stock traded up $0.18 during midday trading on Tuesday, hitting $9.15. 3,450,646 shares of the stock were exchanged, compared to its average volume of 1,377,587. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $10.85. The business's 50-day moving average price is $8.69 and its 200-day moving average price is $9.20. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -21.28 and a beta of 1.72.

Zuora (NYSE:ZUO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $112.63 million. During the same period in the previous year, the firm earned ($0.12) EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts expect that Zuora, Inc. will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling at Zuora

In other news, CEO Tien Tzuo sold 63,873 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $532,700.82. Following the completion of the transaction, the chief executive officer now directly owns 63,312 shares of the company's stock, valued at $528,022.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Tien Tzuo sold 63,873 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the completion of the transaction, the chief executive officer now directly owns 63,312 shares in the company, valued at $528,022.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the sale, the chief financial officer now owns 356,875 shares of the company's stock, valued at approximately $2,976,337.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,226 shares of company stock valued at $1,686,565 over the last three months. 8.62% of the stock is currently owned by insiders.

Zuora Company 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.