Zuora, Inc. (NYSE:ZUO) Stock Holdings Increased by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in shares of Zuora, Inc. (NYSE:ZUO – Get Rating) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,402,009 shares of the company’s stock after acquiring an additional 14,266 shares during the period. Nuveen Asset Management LLC owned approximately 1.06% of Zuora worth $10,347,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Zuora during the 3rd quarter valued at $41,000. Emerald Advisers LLC grew its holdings in shares of Zuora by 56.9% in the 3rd quarter. Emerald Advisers LLC now owns 8,000 shares of the company’s stock worth $59,000 after acquiring an additional 2,900 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Zuora by 164.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,629 shares of the company’s stock worth $63,000 after acquiring an additional 5,360 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Zuora in the 2nd quarter worth $71,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Zuora in the 3rd quarter worth $76,000. Institutional investors own 69.11% of the company’s stock.

Zuora Price Performance

ZUO opened at $9.46 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -10.17 and a beta of 1.82. Zuora, Inc. has a 1 year low of $5.45 and a 1 year high of $15.68. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average price of $7.98 and a 200 day moving average price of $7.57.

Zuora (NYSE:ZUO – Get Rating) last released its quarterly earnings data on Tuesday, December 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The firm had revenue of $101.07 million during the quarter, compared to analysts’ expectations of $99.50 million. Zuora had a negative return on equity of 60.28% and a negative net margin of 30.79%. Analysts forecast that Zuora, Inc. will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZUO. Craig Hallum decreased their target price on Zuora from $16.00 to $10.00 in a report on Wednesday, December 7th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, March 2nd. Canaccord Genuity Group lifted their price target on Zuora from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, March 3rd. UBS Group lowered their price target on Zuora from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, December 9th. Finally, Lake Street Capital began coverage on Zuora in a report on Tuesday, January 31st. They set a “buy” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.71.

Insider Activity at Zuora

In related news, CRO Robert J. Traube sold 30,736 shares of Zuora stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $7.04, for a total transaction of $216,381.44. Following the completion of the sale, the executive now owns 32,927 shares of the company’s stock, valued at $231,806.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Zuora news, Director Amy Guggenheim Shenkan sold 4,133 shares of the business’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $6.69, for a total value of $27,649.77. Following the completion of the sale, the director now owns 40,087 shares of the company’s stock, valued at $268,182.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Robert J. Traube sold 30,736 shares of the business’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $7.04, for a total value of $216,381.44. Following the completion of the sale, the executive now directly owns 32,927 shares of the company’s stock, valued at approximately $231,806.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,210 shares of company stock valued at $768,523. Insiders own 9.08% of the company’s stock.

Zuora Profile

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Zuora, Inc engages in the provision of cloud-based subscription management platform. Its products include Zuora Billing, Zuora Revenue, Zuora CPQ, Zuora Collect AI, and Zuora Analytics. It offers solutions to software, healthcare, education, B2C, and communications industries. The company was founded in 2007 by K.V.