9,116 Shares in Zuora, Inc. (NYSE:ZUO) Purchased by Castleview Partners LLC

Castleview Partners LLC bought a new stake in shares of Zuora, Inc. (NYSE:ZUO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,116 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds have also recently modified their holdings of the business. Scalar Gauge Management LLC lifted its stake in shares of Zuora by 35.4% during the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after acquiring an additional 1,332,343 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Zuora by 5.6% during the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after purchasing an additional 917,565 shares during the last quarter. Bares Capital Management Inc. lifted its position in shares of Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares during the last quarter. Solel Partners LP boosted its stake in shares of Zuora by 13.5% during the second 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 during the period. Finally, Divisar Capital Management LLC bought a new position in shares of Zuora in the second quarter worth about $4,575,000. Institutional investors own 83.02% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Todd Mcelhatton sold 51,879 shares of the firm’s 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 sale, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the transaction, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Mcelhatton sold 51,879 shares of the company’s 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 transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at $2,976,337.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,081 shares of company stock worth $1,857,391. 8.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on ZUO. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Lake Street Capital reissued a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research note on Friday. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 target price on shares of Zuora in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Zuora presently has a consensus rating of “Hold” and a consensus target price of $11.43.

Zuora Price Performance

NYSE ZUO opened at $9.92 on Tuesday. The company has a market cap of $1.45 billion, a PE ratio of -23.06 and a beta of 1.72. The firm’s 50 day moving average price is $8.80 and its 200-day moving average price is $9.24. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The business had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) EPS. Sell-side analysts forecast that Zuora, Inc. will post -0.06 EPS for the current fiscal 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.