Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Zuora, Inc. (NYSE:ZUO)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Zuora, Inc. (NYSE:ZUO) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,966 shares of the company’s stock after buying an additional 1,239 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zuora were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZUO. Vanguard Group Inc. increased its stake in Zuora by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,742,063 shares of the company’s stock worth $129,715,000 after acquiring an additional 822,085 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after purchasing an additional 406,841 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Zuora by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,109,517 shares of the company’s stock valued at $9,142,000 after purchasing an additional 71,782 shares in the last quarter. New York State Common Retirement Fund lifted its position in Zuora by 34.1% during the third quarter. New York State Common Retirement Fund now owns 912,164 shares of the company’s stock valued at $7,516,000 after purchasing an additional 231,723 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Zuora by 196.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 773,432 shares of the company’s stock worth $6,373,000 after buying an additional 512,700 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZUO. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Zuora in a research report on Tuesday, April 30th. Robert W. Baird decreased their price objective on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Canaccord Genuity Group dropped their target price on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd.

Insiders Place Their Bets

In other news, insider Andrew M. Cohen sold 13,319 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $133,190.00. Following the completion of the sale, the insider now directly owns 120,785 shares of the company’s stock, valued at $1,207,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Andrew M. Cohen sold 13,319 shares of Zuora stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $133,190.00. Following the completion of the sale, the insider now owns 120,785 shares in the company, valued at approximately $1,207,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew M. Cohen sold 11,864 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the transaction, 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. Insiders have sold a total of 481,854 shares of company stock worth $4,393,048 over the last quarter. Company insiders own 9.25% of the company’s stock.

Zuora Stock Performance

Zuora stock opened at $10.08 on Monday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $1.47 billion, a P/E ratio of -21.00 and a beta of 1.84. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12. The company’s 50-day moving average is $9.00 and its 200 day moving average is $8.67.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. The firm had revenue of $110.67 million for the quarter, compared to analysts’ expectations of $110.80 million. Research analysts forecast that Zuora, Inc. will post -0.15 EPS for the current year.

Zuora 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.