Barclays PLC Raises Holdings in Zuora, Inc. (NYSE:ZUO)

Barclays PLC lifted its position in Zuora, Inc. (NYSE:ZUO) by 256.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,963 shares of the company’s stock after purchasing an additional 202,047 shares during the quarter. Barclays PLC’s holdings in Zuora were worth $2,422,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ZUO. Divisar Capital Management LLC acquired a new position in Zuora in the second quarter valued at $4,575,000. Scalar Gauge Management LLC increased its position in 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 acquiring an additional 1,332,343 shares during the period. SG Americas Securities LLC purchased a new stake in Zuora during the 3rd quarter valued at approximately $493,000. BDF Gestion lifted its position in Zuora by 34.8% during the 3rd quarter. BDF Gestion now owns 465,000 shares of the company’s stock worth $4,008,000 after acquiring an additional 120,000 shares during the period. Finally, FMR LLC grew its stake in shares of Zuora by 38.4% in the 3rd quarter. FMR LLC now owns 246,499 shares of the company’s stock valued at $2,125,000 after purchasing an additional 68,338 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Tien Tzuo sold 63,873 shares of the company’s 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 sale, the chief executive officer now owns 63,312 shares in the company, valued at $528,022.08. This represents a 50.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction on Thursday, October 3rd. The stock was 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 of the company’s stock, 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. Insiders sold 221,081 shares of company stock worth $1,857,391 in the last 90 days. 8.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ZUO shares. Lake Street Capital restated a “hold” rating and set a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating and set a $15.00 price objective on shares of Zuora in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Zuora has a consensus rating of “Hold” and a consensus target price of $11.43.

Zuora Price Performance

Zuora stock opened at $9.92 on Thursday. The company has a market cap of $1.52 billion, a P/E ratio of -20.24 and a beta of 1.67. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The business has a fifty day moving average of $9.91 and a two-hundred day moving average of $9.30. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62.

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.