Zuora, Inc. (NYSE:ZUO) Shares Acquired by Fmr LLC

Fmr LLC raised its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 38.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,499 shares of the company’s stock after acquiring an additional 68,338 shares during the quarter. Fmr LLC’s holdings in Zuora were worth $2,125,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ZUO. Divisar Capital Management LLC acquired a new stake in shares of Zuora in the 2nd quarter valued at about $4,575,000. Scalar Gauge Management LLC boosted 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 period. SG Americas Securities LLC acquired a new stake in shares of Zuora in the 3rd quarter valued at about $493,000. BDF Gestion boosted its position in shares of Zuora by 34.8% in the 3rd quarter. BDF Gestion now owns 465,000 shares of the company’s stock valued at $4,008,000 after purchasing an additional 120,000 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of Zuora by 18.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock valued at $7,409,000 after purchasing an additional 113,597 shares during the period. 83.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ZUO shares. Canaccord Genuity Group reissued 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 “hold” rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.43.

Insider Buying and Selling at Zuora

In other news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $432,670.86. Following the completion of the transaction, the chief financial officer now directly owns 356,875 shares of the company’s stock, valued at approximately $2,976,337.50. This represents a 12.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tien Tzuo sold 63,873 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $532,700.82. Following the transaction, the chief executive officer now directly owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. This trade represents a 50.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock valued at $1,857,391 in the last ninety days. Insiders own 8.62% of the company’s stock.

Zuora Stock Down 0.1 %

ZUO opened at $9.92 on Friday. The business has a 50 day moving average price of $9.76 and a two-hundred day moving average price of $9.30. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The company has a market cap of $1.52 billion, a PE ratio of -20.24 and a beta of 1.66. Zuora, Inc. has a 52 week low of $7.70 and a 52 week high of $10.85.

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.