Point72 Asia Singapore Pte. Ltd. Takes Position in Zuora, Inc. (NYSE:ZUO)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zuora, Inc. (NYSE:ZUO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,424 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Zuora by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after acquiring an additional 917,565 shares during the period. Scalar Gauge Management LLC increased its position in shares of Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after purchasing an additional 1,332,343 shares during the last quarter. Solel Partners LP raised its holdings in shares of Zuora by 13.5% in the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after purchasing an additional 483,445 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Zuora by 13.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after purchasing an additional 429,705 shares in the last quarter. Finally, Bares Capital Management Inc. increased its holdings in Zuora by 41.4% in the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after buying an additional 511,292 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Stock Performance

Shares of ZUO stock opened at $8.62 on Tuesday. The company’s fifty day simple moving average is $8.75 and its 200-day simple moving average is $9.23. The company has a market cap of $1.31 billion, a PE ratio of -20.05 and a beta of 1.72. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $10.85. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) earnings per share. As a group, equities research analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZUO shares. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

Insider Buying and Selling at Zuora

In related news, insider Peter Hirsch sold 58,267 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $9.06, for a total value of $527,899.02. Following the completion of the transaction, the insider now directly owns 14,566 shares of the company’s stock, valued at approximately $131,967.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Tien Tzuo sold 81,731 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.05, for a total transaction of $739,665.55. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $57,485.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Hirsch sold 58,267 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.06, for a total transaction of $527,899.02. Following the completion of the sale, the insider now owns 14,566 shares of the company’s stock, valued at $131,967.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,833 shares of company stock worth $2,719,755. 8.62% of the stock is owned by insiders.

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.