Quest Partners LLC grew its position in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 233,489.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 128,474 shares of the company's stock after purchasing an additional 128,419 shares during the quarter. Quest Partners LLC owned 0.08% of Zuora worth $1,107,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of ZUO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zuora during the 2nd quarter valued at $44,000. CWM LLC raised its position in Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company's stock valued at $79,000 after buying an additional 1,590 shares during the period. Castleview Partners LLC purchased a new stake in Zuora in the 3rd quarter worth about $79,000. Canada Pension Plan Investment Board acquired a new stake in Zuora during the 2nd quarter worth about $85,000. Finally, Palumbo Wealth Management LLC grew its stake in Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company's stock valued at $99,000 after acquiring an additional 1,210 shares in the last quarter. Institutional investors own 83.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating and issued a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reiterated a "hold" rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.43.
Read Our Latest Analysis on Zuora
Zuora Price Performance
ZUO stock remained flat at $9.90 during trading hours on Thursday. 6,365,223 shares of the company's stock traded hands, compared to its average volume of 1,816,795. The stock 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 $9.32 and a 200 day moving average of $9.33. 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 12 month low of $7.70 and a 12 month high of $10.85.
Zuora (NYSE:ZUO - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 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 firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $112.63 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The business's quarterly revenue was up 6.8% on a year-over-year basis.
Insider Activity at Zuora
In other Zuora news, CRO Robert J. Traube sold 62,707 shares of the company'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 $522,976.38. Following the completion of the sale, the executive now directly owns 109,704 shares in the company, valued at $914,931.36. This represents a 36.37 % 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. Also, CEO Tien Tzuo sold 63,873 shares of Zuora stock in a transaction dated 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 owns 63,312 shares in the company, valued at $528,022.08. The trade was a 50.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,081 shares of company stock valued at $1,857,391. Corporate insiders own 8.62% of the company's stock.
About Zuora
(
Free Report)
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.
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