Los Angeles Capital Management LLC Has $552,000 Position in Zuora, Inc. (NYSE:ZUO)

Los Angeles Capital Management LLC cut its holdings in Zuora, Inc. (NYSE:ZUO) by 17.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,612 shares of the company’s stock after selling 11,824 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Zuora were worth $552,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares during the last quarter. Quent Capital LLC bought a new position in Zuora during the first quarter valued at about $83,000. Williams Financial LLC acquired a new stake in shares of Zuora in the second quarter worth about $119,000. Victory Capital Management Inc. boosted its stake in shares of Zuora by 25.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock worth $166,000 after acquiring an additional 3,582 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Zuora by 18.6% during the 1st quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after acquiring an additional 2,851 shares during the last quarter. 83.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ZUO shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Lake Street Capital raised their target price on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Finally, Robert W. Baird raised their price target on Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Insider Transactions at Zuora

In related news, insider Andrew M. Cohen sold 3,861 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $8.71, for a total value of $33,629.31. Following the completion of the transaction, the insider now directly owns 148,640 shares in the company, valued at $1,294,654.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Andrew M. Cohen sold 3,861 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total value of $33,629.31. Following the sale, the insider now owns 148,640 shares of the company’s stock, valued at $1,294,654.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd Mcelhatton sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the transaction, the chief financial officer now owns 310,622 shares of the company’s stock, valued at approximately $2,708,623.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,666 shares of company stock valued at $3,408,961. 8.62% of the stock is owned by corporate insiders.

Zuora Price Performance

Shares of Zuora stock opened at $8.86 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. The company has a market cap of $1.29 billion, a PE ratio of -20.60 and a beta of 1.72. The firm has a fifty day moving average price of $8.84 and a two-hundred day moving average price of $9.22. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $10.85.

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

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.