Zuora, Inc. (NYSE:ZUO) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its stake in Zuora, Inc. (NYSE:ZUO) by 72.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,329 shares of the company’s stock after selling 32,702 shares during the period. Quadrature Capital Ltd’s holdings in Zuora were worth $116,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Zuora by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock valued at $153,642,000 after acquiring an additional 602,866 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Zuora by 13.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after acquiring an additional 429,705 shares during the period. Scalar Gauge Management LLC acquired a new stake in Zuora in the fourth quarter valued at $12,620,000. Bares Capital Management Inc. lifted its holdings in shares of Zuora by 54.4% in the fourth quarter. Bares Capital Management Inc. now owns 1,235,000 shares of the company’s stock valued at $11,609,000 after purchasing an additional 435,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Zuora by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,147,650 shares of the company’s stock valued at $10,788,000 after purchasing an additional 38,133 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a report on Thursday, May 23rd. Lake Street Capital raised their price objective on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird upped their target price on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group lifted their target price on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Zuora in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.17.

Insider Buying and Selling

In other news, insider Andrew M. Cohen sold 11,864 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $102,149.04. Following the sale, the insider now directly owns 137,898 shares in the company, valued at $1,187,301.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Andrew M. Cohen sold 11,864 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the transaction, the insider now directly owns 137,898 shares of the company’s stock, valued at approximately $1,187,301.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew M. Cohen sold 3,794 shares of Zuora stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the transaction, the insider now directly owns 134,104 shares of the company’s stock, valued at $1,111,722.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 481,854 shares of company stock valued at $4,393,048. Insiders own 8.62% of the company’s stock.

Zuora Stock Performance

Shares of NYSE ZUO opened at $9.93 on Friday. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $11.80. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -23.09 and a beta of 1.72. The stock’s fifty day simple moving average is $9.90 and its 200 day simple moving average is $9.17.

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

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.