Raymond James & Associates Has $820,000 Stock Position in Zuora, Inc. (NYSE:ZUO)

Raymond James & Associates boosted its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,208 shares of the company’s stock after buying an additional 7,525 shares during the quarter. Raymond James & Associates’ holdings in Zuora were worth $820,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Zuora during the third quarter worth approximately $25,000. DekaBank Deutsche Girozentrale acquired a new position in Zuora during the third quarter worth approximately $25,000. Sherbrooke Park Advisers LLC acquired a new position in Zuora during the third quarter worth approximately $88,000. MQS Management LLC acquired a new position in Zuora during the third quarter worth approximately $129,000. Finally, Asset Management One Co. Ltd. acquired a new position in Zuora during the third quarter worth approximately $189,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Trading Up 4.1 %

Shares of ZUO stock opened at $9.63 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. The stock has a market cap of $1.41 billion, a P/E ratio of -20.06 and a beta of 1.90. The stock has a 50 day simple moving average of $8.70 and a 200 day simple moving average of $8.54. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $12.12.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.10. The business had revenue of $110.67 million during the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. On average, research analysts predict that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Activity at Zuora

In related news, insider Andrew M. Cohen sold 11,864 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $102,149.04. Following the completion of the sale, the insider now directly owns 137,898 shares in the company, valued at $1,187,301.78. The sale was disclosed in a filing with the SEC, which is available at this link. In other Zuora news, insider Andrew M. Cohen sold 3,794 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $8.29, for a total transaction of $31,452.26. Following the completion of the sale, the insider now directly owns 134,104 shares in the company, valued at $1,111,722.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew M. Cohen sold 11,864 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $102,149.04. Following the sale, the insider now owns 137,898 shares of the company’s stock, valued at $1,187,301.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 481,854 shares of company stock worth $4,393,048. Company insiders own 9.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Canaccord Genuity Group lowered their price target on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Robert W. Baird decreased their target price on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Zuora in a research report on Thursday, February 29th.

Zuora Company Profile

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.