US Bancorp DE Has $41,000 Stake in Zuora, Inc. (NYSE:ZUO)

US Bancorp DE trimmed its stake in shares of Zuora, Inc. (NYSE:ZUO) by 40.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,170 shares of the company’s stock after selling 2,823 shares during the period. US Bancorp DE’s holdings in Zuora were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Arizona State Retirement System raised its stake in shares of Zuora by 3.9% during the fourth quarter. Arizona State Retirement System now owns 34,199 shares of the company’s stock worth $218,000 after buying an additional 1,283 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Zuora by 5.9% in the first quarter. Hsbc Holdings PLC now owns 26,146 shares of the company’s stock worth $396,000 after purchasing an additional 1,447 shares during the period. Macquarie Group Ltd. raised its holdings in Zuora by 1.0% in the second quarter. Macquarie Group Ltd. now owns 177,905 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,846 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Zuora by 9.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 22,173 shares of the company’s stock worth $141,000 after purchasing an additional 1,870 shares during the period. Finally, Bank of America Corp DE raised its holdings in Zuora by 1.0% in the first quarter. Bank of America Corp DE now owns 206,384 shares of the company’s stock worth $3,092,000 after purchasing an additional 1,977 shares during the period. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZUO shares. Robert W. Baird initiated coverage on shares of Zuora in a report on Wednesday, July 12th. They issued a “neutral” rating and a $12.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $16.00 price objective on shares of Zuora in a report on Thursday, August 24th. Lake Street Capital raised their price objective on shares of Zuora from $11.00 to $12.00 in a report on Thursday, May 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Zuora in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.38.

Zuora Stock Up 1.1 %

Shares of ZUO stock opened at $9.21 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.05. Zuora, Inc. has a 1 year low of $5.45 and a 1 year high of $12.12. The firm’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $9.71. The firm has a market capitalization of $1.26 billion, a P/E ratio of -11.23 and a beta of 1.81.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Zuora had a negative net margin of 26.67% and a negative return on equity of 69.47%. The company had revenue of $108.05 million during the quarter, compared to the consensus estimate of $108.81 million. During the same quarter last year, the firm posted ($0.25) EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Zuora, Inc. will post -0.55 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tien Tzuo sold 12,500 shares of Zuora stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $10.93, for a total value of $136,625.00. Following the completion of the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $69,427.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Amy Guggenheim Shenkan sold 9,711 shares of Zuora stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $10.10, for a total transaction of $98,081.10. Following the completion of the sale, the director now owns 46,594 shares of the company’s stock, valued at approximately $470,599.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tien Tzuo sold 12,500 shares of Zuora stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $10.93, for a total transaction of $136,625.00. Following the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $69,427.36. The disclosure for this sale can be found here. Insiders sold a total of 147,401 shares of company stock valued at $1,503,452 in the last quarter. Company insiders own 9.25% of the company’s stock.

About Zuora

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.