Zuora, Inc. (NYSE:ZUO) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Zuora, Inc. (NYSE:ZUO) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 47,795 shares of the company’s stock after purchasing an additional 1,969 shares during the quarter. Vontobel Holding Ltd.’s holdings in Zuora were worth $449,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ZUO. Federated Hermes Inc. boosted its stake in Zuora by 6.2% in the 3rd quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock worth $245,000 after buying an additional 1,729 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Zuora by 5.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 37,043 shares of the company’s stock worth $305,000 after buying an additional 1,910 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Zuora in the 3rd quarter worth about $25,000. DekaBank Deutsche Girozentrale acquired a new stake in Zuora in the 3rd quarter worth about $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zuora by 25.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,727 shares of the company’s stock worth $220,000 after buying an additional 5,420 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Price Performance

NYSE ZUO opened at $9.75 on Wednesday. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. The business’s 50-day simple moving average is $8.73 and its 200-day simple moving average is $8.55.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. The business had revenue of $110.67 million for the quarter, compared to analyst estimates 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 anticipate that Zuora, Inc. will post -0.15 earnings per share for the current year.

Insider Activity at Zuora

In related news, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew M. Cohen sold 11,864 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were 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 in the company, valued at $1,187,301.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 481,854 shares of company stock worth $4,393,048. 9.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

About Zuora

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.