Zuora, Inc. (NYSE:ZUO) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in shares of Zuora, Inc. (NYSE:ZUO) by 18.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 746,117 shares of the company’s stock after acquiring an additional 113,597 shares during the quarter. Mutual of America Capital Management LLC owned about 0.51% of Zuora worth $7,409,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after purchasing an additional 1,402 shares during the last quarter. CWM LLC raised its position in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares during the last quarter. Principal Financial Group Inc. lifted its stake in 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 period. ProShare Advisors LLC boosted its holdings in shares of Zuora by 12.8% in the 1st quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after acquiring an additional 3,029 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of Zuora by 9.2% in the second quarter. Diversified Trust Co now owns 38,872 shares of the company’s stock worth $386,000 after acquiring an additional 3,260 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Activity

In related news, CEO Tien Tzuo sold 70,833 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.73, for a total transaction of $689,205.09. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $61,804.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zuora news, insider Andrew M. Cohen sold 3,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total value of $33,629.31. Following the transaction, the insider now directly owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tien Tzuo sold 70,833 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.73, for a total value of $689,205.09. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $61,804.96. The disclosure for this sale can be found here. Insiders have sold a total of 372,666 shares of company stock worth $3,408,961 over the last quarter. 8.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZUO has been the subject of a number of research reports. Lake Street Capital boosted their target price on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Robert W. Baird upped their target price on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group lifted their price target on Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Zuora in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zuora presently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora Trading Up 0.6 %

Shares of ZUO stock opened at $8.80 on Friday. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $10.85. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -20.45 and a beta of 1.72. 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 stock has a 50 day simple moving average of $8.84 and a 200-day simple moving average of $9.23.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) earnings per share. On average, equities research analysts expect that Zuora, Inc. will post -0.06 EPS for the current fiscal 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.