Lazard Asset Management LLC acquired a new stake in Zuora, Inc. (NYSE:ZUO – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,942 shares of the company’s stock, valued at approximately $71,000.
Several other large investors also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC purchased a new stake in shares of Zuora in the 1st quarter worth approximately $1,472,466,000. BlackRock Inc. lifted its position in shares of Zuora by 1.5% in the 1st quarter. BlackRock Inc. now owns 8,274,224 shares of the company’s stock worth $123,948,000 after purchasing an additional 125,301 shares during the period. Brown Advisory Inc. lifted its position in shares of Zuora by 1.8% in the 1st quarter. Brown Advisory Inc. now owns 5,305,331 shares of the company’s stock worth $79,577,000 after purchasing an additional 94,111 shares during the period. Baillie Gifford & Co. lifted its position in shares of Zuora by 5.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,687,571 shares of the company’s stock worth $41,954,000 after purchasing an additional 236,310 shares during the period. Finally, Archon Capital Management LLC lifted its position in shares of Zuora by 10.6% in the 1st quarter. Archon Capital Management LLC now owns 2,654,399 shares of the company’s stock worth $39,763,000 after purchasing an additional 254,858 shares during the period. 86.37% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on ZUO shares. Needham & Company LLC lowered their price target on shares of Zuora from $24.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 25th. Canaccord Genuity Group decreased their target price on shares of Zuora from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 25th. Craig Hallum decreased their target price on shares of Zuora from $22.00 to $16.00 in a research report on Thursday, August 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Zuora in a research report on Friday, October 21st. They set a “neutral” rating and a $9.00 target price for the company.
Insider Buying and Selling at Zuora
Zuora Trading Up 2.1 %
Shares of Zuora stock opened at $7.63 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.07. Zuora, Inc. has a 12-month low of $6.14 and a 12-month high of $20.43. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -8.77 and a beta of 1.80. The firm’s 50 day simple moving average is $7.45 and its two-hundred day simple moving average is $8.59.
Zuora (NYSE:ZUO – Get Rating) last issued its quarterly earnings results on Wednesday, August 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). Zuora had a negative net margin of 29.89% and a negative return on equity of 56.71%. The company had revenue of $98.80 million for the quarter, compared to analyst estimates of $97.54 million. During the same quarter in the previous year, the company posted ($0.19) EPS. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Analysts predict that Zuora, Inc. will post -0.95 EPS for the current year.
Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations.
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