Zuora, Inc. (NYSE:ZUO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Zuora, Inc. (NYSE:ZUO) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,401 shares of the company’s stock after selling 1,699 shares during the period. Russell Investments Group Ltd.’s holdings in Zuora were worth $340,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new stake in Zuora during the 4th quarter worth approximately $28,000. Nisa Investment Advisors LLC grew its stake in Zuora by 8,200.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the company’s stock worth $33,000 after purchasing an additional 3,280 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Zuora by 164.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,629 shares of the company’s stock worth $63,000 after purchasing an additional 5,360 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Zuora during the 4th quarter worth $65,000. Finally, Envestnet Asset Management Inc. acquired a new position in Zuora during the 3rd quarter worth $76,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Zuora in a research note on Thursday, August 24th. Lake Street Capital lifted their price target on shares of Zuora from $11.00 to $12.00 in a research note on Thursday, May 25th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Zuora in a research note on Wednesday, August 30th. Finally, Robert W. Baird started coverage on Zuora in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.38.

Zuora Stock Performance

NYSE ZUO opened at $9.21 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.69 and a quick ratio of 1.69. Zuora, Inc. has a 1 year low of $5.45 and a 1 year high of $12.12. The company has a market capitalization of $1.26 billion, a PE ratio of -11.23 and a beta of 1.83. The company has a fifty day moving average of $10.38 and a two-hundred day moving average of $9.71.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, August 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the firm posted ($0.25) earnings per share. Zuora’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts expect that Zuora, Inc. will post -0.55 earnings per share for the current year.

Insider Buying and Selling at Zuora

In other Zuora news, Director Amy Guggenheim Shenkan sold 9,711 shares of Zuora stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $10.10, for a total value of $98,081.10. Following the transaction, the director now directly owns 46,594 shares in the company, valued at $470,599.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Andrew M. Cohen sold 11,611 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $10.08, for a total transaction of $117,038.88. Following the completion of the sale, the insider now directly owns 75,920 shares of the company’s stock, valued at $765,273.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy Guggenheim Shenkan sold 9,711 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 46,594 shares in the company, valued at $470,599.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,401 shares of company stock worth $1,503,452. 9.25% of the stock is owned by insiders.

Zuora Company Profile

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.