Vanguard Group Inc. Boosts Stake in Zuora, Inc. (NYSE:ZUO)

Vanguard Group Inc. boosted its holdings in Zuora, Inc. (NYSE:ZUO) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,344,929 shares of the company’s stock after buying an additional 602,866 shares during the quarter. Vanguard Group Inc. owned 0.11% of Zuora worth $153,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ZUO. Federated Hermes Inc. increased its position in shares of 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 last quarter. Quadrature Capital Ltd raised its position in shares of Zuora by 33.5% during the 3rd quarter. Quadrature Capital Ltd now owns 45,031 shares of the company’s stock valued at $371,000 after buying an additional 11,290 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Zuora by 14.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after acquiring an additional 406,841 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Zuora by 85.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock worth $4,239,000 after acquiring an additional 237,548 shares during the last quarter. Finally, Diversified Trust Co grew its position in Zuora by 13.7% in the third quarter. Diversified Trust Co now owns 47,002 shares of the company’s stock worth $387,000 after acquiring an additional 5,662 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ZUO. Jefferies Financial Group upped their price objective on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, May 23rd. Robert W. Baird lifted their price target on shares of Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Zuora in a report on Thursday, June 27th. Finally, Lake Street Capital increased their target price on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

Insider Activity at Zuora

In other Zuora news, insider Andrew M. Cohen sold 3,794 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the transaction, the insider now directly owns 134,104 shares of the company’s stock, valued at approximately $1,111,722.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 value of $31,452.26. Following the completion of the transaction, the insider now owns 134,104 shares of the company’s stock, valued at approximately $1,111,722.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tien Tzuo sold 70,833 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $9.73, for a total transaction of $689,205.09. Following the completion of the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $61,804.96. The disclosure for this sale can be found here. Insiders sold a total of 371,025 shares of company stock worth $3,496,918 over the last quarter. 8.62% of the stock is owned by corporate insiders.

Zuora Stock Performance

Shares of ZUO stock opened at $9.64 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of -22.42 and a beta of 1.71. 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 50 day moving average price of $9.89 and a two-hundred day moving average price of $9.19. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $11.80.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The company had revenue of $109.77 million during the quarter, compared to analyst estimates of $108.80 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. Analysts expect that Zuora, Inc. will post -0.16 earnings per share 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.