Vanguard Group Inc. Acquires 602,866 Shares of Zuora, Inc. (NYSE:ZUO)

Vanguard Group Inc. raised its holdings in shares of Zuora, Inc. (NYSE:ZUOFree Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,344,929 shares of the company’s stock after acquiring an additional 602,866 shares during the period. Vanguard Group Inc. owned approximately 11.42% of Zuora worth $153,642,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cornerstone Investment Partners LLC acquired a new position in shares of Zuora during the 4th quarter worth about $166,000. Victory Capital Management Inc. boosted its stake in Zuora by 25.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock worth $166,000 after acquiring an additional 3,582 shares during the last quarter. Roberts Wealth Advisors LLC acquired a new position in Zuora during the fourth quarter valued at approximately $220,000. Versor Investments LP increased its stake in Zuora by 85.2% in the fourth quarter. Versor Investments LP now owns 25,210 shares of the company’s stock valued at $237,000 after purchasing an additional 11,600 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Zuora by 6.2% in the third quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock worth $245,000 after purchasing an additional 1,729 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Jefferies Financial Group upped their price objective 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. Robert W. Baird lifted their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Lake Street Capital raised their price objective on shares of Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, June 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.17.

View Our Latest Report on ZUO

Zuora Stock Up 0.4 %

Shares of ZUO stock opened at $9.64 on Friday. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $11.80. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -22.42 and a beta of 1.71. The firm’s 50-day moving average is $9.89 and its 200-day moving average is $9.19.

Zuora (NYSE:ZUOGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.09. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The business had revenue of $109.77 million during the quarter, compared to analysts’ expectations of $108.80 million. Sell-side analysts predict that Zuora, Inc. will post -0.16 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrew M. Cohen sold 3,794 shares of the stock in a transaction that occurred 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 sale, the insider now owns 134,104 shares of the company’s stock, valued at $1,111,722.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Andrew M. Cohen sold 3,794 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total value of $31,452.26. Following the completion of the transaction, the insider now directly owns 134,104 shares in the company, valued at approximately $1,111,722.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Mcelhatton sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $8.35, for a total transaction of $83,500.00. Following the sale, the chief financial officer now owns 267,803 shares in the company, valued at approximately $2,236,155.05. The disclosure for this sale can be found here. Insiders have sold a total of 371,025 shares of company stock worth $3,496,918 in the last quarter. Corporate insiders own 8.62% of the company’s stock.

Zuora Company Profile

(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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