57,200 Shares in Zuora, Inc. (NYSE:ZUO) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Zuora, Inc. (NYSE:ZUO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,200 shares of the company's stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also made changes to their positions in ZUO. Scalar Gauge Management LLC raised its position in Zuora by 35.4% in the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company's stock worth $50,556,000 after acquiring an additional 1,332,343 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Zuora by 5.6% in 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. raised its holdings 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 in the last quarter. Solel Partners LP lifted its stake in Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock valued at $40,299,000 after purchasing an additional 483,445 shares during the last quarter. Finally, Divisar Capital Management LLC acquired a new stake in Zuora during the second quarter valued at approximately $4,575,000. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Up 5.7 %

Shares of Zuora stock traded up $0.54 during midday trading on Thursday, hitting $9.96. The company's stock had a trading volume of 41,121,255 shares, compared to its average volume of 1,571,393. The firm has a market capitalization of $1.45 billion, a P/E ratio of -23.15 and a beta of 1.72. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $10.85. 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 50-day simple moving average of $8.74 and a 200-day simple moving average of $9.21.

Zuora (NYSE:ZUO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.09. The firm had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted ($0.12) EPS. As a group, sell-side analysts expect that Zuora, Inc. will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Craig Hallum lowered Zuora from a "buy" rating to a "hold" rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of Zuora in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.86.

Insider Buying and Selling at Zuora

In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares of the company's stock, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Tien Tzuo sold 63,873 shares of the business's stock in a transaction that occurred 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 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was 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 in the company, valued at $1,434,755.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,081 shares of company stock worth $1,857,391. 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.