SG Americas Securities LLC Buys New Shares in Zuora, Inc. (NYSE:ZUO)

SG Americas Securities LLC bought a new stake in Zuora, Inc. (NYSE:ZUO) in the third quarter, HoldingsChannel reports. The fund bought 57,200 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds have also added to or reduced their stakes in ZUO. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora in the second quarter valued at $44,000. CWM LLC grew its position in Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares in the last quarter. Quent Capital LLC bought a new position in Zuora in the first quarter valued at $83,000. Canada Pension Plan Investment Board bought a new position in Zuora in the second quarter valued at $85,000. Finally, Williams Financial LLC bought a new position in Zuora in the second quarter valued at $119,000. Institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling

In related news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares of the company’s stock, valued at approximately $1,434,755.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Zuora news, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the completion of the sale, the chief financial officer now owns 356,875 shares in the company, valued at $2,976,337.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares of the company’s stock, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,081 shares of company stock valued at $1,857,391. Company insiders own 8.62% of the company’s stock.

Zuora Stock Performance

Shares of ZUO stock opened at $9.42 on Thursday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -29.42 and a beta of 1.72. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. The company has a 50-day simple moving average of $8.71 and a 200 day simple moving average of $9.21. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $10.85.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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 net margin of 10.60% and a negative return on equity of 12.54%. Zuora’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) EPS. On average, sell-side analysts predict that Zuora, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZUO has been the subject of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Finally, Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and decreased their price objective for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.86.

Zuora Company 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.