Emerald Advisers LLC Sells 109,185 Shares of Zuora, Inc. (NYSE:ZUO)

Emerald Advisers LLC lowered its position in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,105,573 shares of the company's stock after selling 109,185 shares during the quarter. Emerald Advisers LLC owned 0.73% of Zuora worth $9,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Palumbo Wealth Management LLC raised its stake in shares of Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company's stock worth $99,000 after purchasing an additional 1,210 shares during the period. Castleview Partners LLC purchased a new stake in Zuora during the third quarter worth about $79,000. BDF Gestion raised its position in Zuora by 34.8% in the third quarter. BDF Gestion now owns 465,000 shares of the company's stock worth $4,008,000 after acquiring an additional 120,000 shares during the period. Samson Rock Capital LLP boosted its stake in Zuora by 81.8% in the third quarter. Samson Rock Capital LLP now owns 300,000 shares of the company's stock valued at $2,586,000 after acquiring an additional 135,000 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of Zuora by 6.9% during the 3rd quarter. Diversified Trust Co now owns 41,564 shares of the company's stock valued at $358,000 after acquiring an additional 2,692 shares during the period. Hedge funds and other institutional investors own 83.02% of the company's stock.

Wall Street Analysts Forecast Growth

ZUO has been the topic of several research analyst reports. Canaccord Genuity Group reiterated a "buy" rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Needham & Company LLC reaffirmed a "hold" rating and set a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Craig Hallum lowered Zuora from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Finally, Lake Street Capital reaffirmed a "hold" rating and set a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $11.43.

Zuora Stock Performance

Shares of NYSE ZUO remained flat at $9.90 during mid-day trading on Friday. The stock had a trading volume of 2,152,448 shares, compared to its average volume of 4,980,192. The business's 50-day simple moving average is $9.01 and its 200-day simple moving average is $9.32. The firm has a market capitalization of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. Zuora, Inc. has a one year low of $7.28 and a one year high of $10.85.

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

Insiders Place Their Bets

In other 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 completion of the transaction, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. 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. In related news, CFO Todd Mcelhatton sold 51,879 shares of the company's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the completion of the transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Hirsch sold 18,855 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now owns 19,279 shares in the company, valued at $174,667.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock worth $1,857,391 in the last three months. 8.62% of the stock is currently owned by corporate insiders.

About Zuora

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.