Healthcare of Ontario Pension Plan Trust Fund Buys 212,200 Shares of Zuora, Inc. (NYSE:ZUO)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Zuora, Inc. (NYSE:ZUO) by 27.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 985,632 shares of the company’s stock after purchasing an additional 212,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.68% of Zuora worth $9,787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora in the 2nd quarter valued at $44,000. CWM LLC raised its stake in 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 acquiring an additional 1,590 shares during the period. Canada Pension Plan Investment Board bought a new stake in Zuora in the 2nd quarter valued at $85,000. Quent Capital LLC bought a new stake in Zuora in the 1st quarter valued at $83,000. Finally, Williams Financial LLC bought a new stake in Zuora in the 2nd quarter valued at $119,000. Institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

ZUO has been the topic of several recent research reports. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

Zuora Stock Performance

NYSE:ZUO opened at $8.61 on Friday. The stock’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $9.21. The firm has a market capitalization of $1.30 billion, a PE ratio of -20.02 and a beta of 1.72. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $10.85.

Zuora (NYSE:ZUO) last released its quarterly earnings data 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. The business had revenue of $115.40 million for 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%. Zuora’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. On average, analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrew M. Cohen sold 3,861 shares of Zuora stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $8.71, for a total transaction of $33,629.31. Following the sale, the insider now directly owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Zuora news, insider Andrew M. Cohen sold 3,861 shares of Zuora stock in a transaction that occurred 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 sale, the insider now directly owns 148,640 shares in the company, valued at approximately $1,294,654.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Robert J. Traube sold 62,707 shares of Zuora 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 $522,976.38. Following the completion of the sale, the executive now owns 109,704 shares of the company’s stock, valued at approximately $914,931.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 504,059 shares of company stock valued at $4,406,320. 8.62% of the stock is currently owned by corporate insiders.

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.