Corient Private Wealth LLC Raises Position in Zuora, Inc. (NYSE:ZUO)

Corient Private Wealth LLC boosted its stake in Zuora, Inc. (NYSE:ZUOFree Report) by 473.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,454 shares of the company’s stock after buying an additional 49,086 shares during the period. Corient Private Wealth LLC’s holdings in Zuora were worth $559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Zuora during the third quarter valued at approximately $25,000. Sherbrooke Park Advisers LLC bought a new position in shares of Zuora during the third quarter valued at approximately $88,000. MQS Management LLC bought a new position in shares of Zuora during the third quarter valued at approximately $129,000. Cornerstone Investment Partners LLC bought a new position in shares of Zuora during the fourth quarter valued at approximately $166,000. Finally, Victory Capital Management Inc. increased its stake in shares of Zuora by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after purchasing an additional 3,582 shares in the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZUO shares. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Zuora in a research note on Thursday, May 23rd. Robert W. Baird raised their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Zuora in a research report on Thursday, May 23rd. Jefferies Financial Group raised their price target on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Finally, Lake Street Capital raised their price target on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zuora has a consensus rating of “Moderate Buy” and an average price target of $12.17.

Read Our Latest Analysis on ZUO

Zuora Stock Performance

Zuora stock opened at $10.01 on Friday. The company’s 50-day moving average price is $9.62 and its 200-day moving average price is $9.05. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $12.12. The company has a quick ratio of 2.43, a current ratio of 2.56 and a debt-to-equity ratio of 2.60. The company has a market cap of $1.46 billion, a PE ratio of -23.28 and a beta of 1.72.

Insider Transactions at Zuora

In other news, insider Andrew M. Cohen sold 13,319 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total value of $133,190.00. Following the sale, the insider now directly owns 120,785 shares in the company, valued at approximately $1,207,850. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Andrew M. Cohen sold 13,319 shares of the company’s 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 transaction, the insider now directly owns 120,785 shares in the company, valued at approximately $1,207,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tien Tzuo sold 239,198 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total transaction of $2,258,029.12. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $59,962.88. 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 in the last three months. Insiders own 8.62% of the company’s stock.

About Zuora

(Free Report)

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.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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