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

Cwm LLC boosted its holdings in Zuora, Inc. (NYSE:ZUO) by 25.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,945 shares of the company’s stock after acquiring an additional 1,590 shares during the quarter. Cwm LLC’s holdings in Zuora were worth $79,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in shares of Zuora by 9.4% during the fourth quarter. Raymond James & Associates now owns 87,208 shares of the company’s stock valued at $820,000 after purchasing an additional 7,525 shares during the period. Vontobel Holding Ltd. raised its position in shares of Zuora by 4.3% during the 4th quarter. Vontobel Holding Ltd. now owns 47,795 shares of the company’s stock worth $449,000 after buying an additional 1,969 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Zuora by 4.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after acquiring an additional 1,239 shares during the period. Jennison Associates LLC boosted its holdings in shares of Zuora by 26.1% in the fourth quarter. Jennison Associates LLC now owns 87,030 shares of the company’s stock valued at $818,000 after acquiring an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Zuora by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after acquiring an additional 3,582 shares during the period. Institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ZUO. Robert W. Baird upped their target price on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a report on Thursday, May 23rd. Craig Hallum lowered Zuora from a “buy” rating to a “hold” rating and cut their price objective for the company from $12.00 to $10.00 in a report on Monday, July 8th. Jefferies Financial Group upped their price target on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Finally, Lake Street Capital raised their price objective on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora Stock Performance

NYSE:ZUO opened at $8.83 on Monday. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $10.85. The company has a 50-day moving average of $9.18 and a 200-day moving average of $9.20. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -20.53 and a beta of 1.71. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 2.60.

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

Insider Transactions at Zuora

In other news, CFO Todd Mcelhatton sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the sale, the chief financial officer now directly owns 310,622 shares of the company’s stock, valued at $2,708,623.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Tien Tzuo sold 114,825 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $57,485.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the transaction, the chief financial officer now directly owns 310,622 shares in the company, valued at approximately $2,708,623.84. The disclosure for this sale can be found here. Insiders sold 372,666 shares of company stock valued at $3,408,961 over the last three months. 8.62% of the stock is owned by corporate insiders.

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.