Entropy Technologies LP Buys New Position in Zuora, Inc. (NYSE:ZUO)

Entropy Technologies LP purchased a new position in shares of Zuora, Inc. (NYSE:ZUO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,973 shares of the company’s stock, valued at approximately $155,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BDF Gestion acquired a new stake in Zuora in the second quarter worth approximately $3,426,000. Divisar Capital Management LLC bought a new stake in shares of Zuora in the 2nd quarter worth $4,575,000. Scalar Gauge Management LLC boosted its stake in Zuora by 35.4% during the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after buying an additional 1,332,343 shares in the last quarter. SG Americas Securities LLC bought a new position in Zuora during the third quarter valued at about $493,000. Finally, Mutual of America Capital Management LLC grew its holdings in Zuora by 18.0% during the second quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock worth $7,409,000 after acquiring an additional 113,597 shares during the period. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Down 0.1 %

ZUO stock opened at $9.90 on Monday. 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 firm has a market capitalization of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The company’s 50 day simple moving average is $9.24 and its 200-day simple moving average is $9.33.

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

Insiders Place Their Bets

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total value of $170,826.30. Following the completion of the sale, the insider now owns 19,279 shares in the company, valued at $174,667.74. This represents a 49.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the transaction, the chief financial officer now owns 356,875 shares in the company, valued at approximately $2,976,337.50. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,081 shares of company stock worth $1,857,391. 8.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ZUO has been the subject of a number of research analyst reports. Lake Street Capital reissued a “hold” rating and issued a $10.00 price target on shares of Zuora in a report on Friday, October 18th. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price target on shares of Zuora in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zuora has an average rating of “Hold” and an average price target of $11.43.

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.