Rhumbline Advisers Grows Position in Zuora, Inc. (NYSE:ZUO)

Rhumbline Advisers boosted its holdings in Zuora, Inc. (NYSE:ZUO) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 193,923 shares of the company’s stock after buying an additional 8,407 shares during the quarter. Rhumbline Advisers owned 0.13% of Zuora worth $1,926,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Scalar Gauge Management LLC purchased a new stake in Zuora during the fourth quarter valued at $12,620,000. BDF Gestion purchased a new position in shares of Zuora in the second quarter worth approximately $3,426,000. Bares Capital Management Inc. grew its position in Zuora by 54.4% during the fourth quarter. Bares Capital Management Inc. now owns 1,235,000 shares of the company’s stock valued at $11,609,000 after buying an additional 435,000 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Zuora by 3.4% during 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 buying an additional 38,133 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Zuora in the first quarter worth approximately $736,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Trading Down 1.6 %

Shares of NYSE ZUO opened at $8.66 on Friday. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $10.85. 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 business’s 50 day moving average is $8.83 and its two-hundred day moving average is $9.24. The stock has a market capitalization of $1.26 billion, a P/E ratio of -20.14 and a beta of 1.72.

Zuora (NYSE:ZUO) last released its quarterly earnings results 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 company 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) EPS. As a group, research analysts expect that Zuora, Inc. will post -0.06 EPS for the current year.

Analysts Set New Price Targets

ZUO has been the subject of several analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Robert W. Baird upped their price target on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Insider Buying and Selling

In related news, CEO Tien Tzuo sold 81,731 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.05, for a total transaction of $739,665.55. Following the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $57,485.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Peter Hirsch sold 58,267 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.06, for a total value of $527,899.02. Following the transaction, the insider now directly owns 14,566 shares in the company, valued at $131,967.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tien Tzuo sold 81,731 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.05, for a total transaction of $739,665.55. Following the completion of the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $57,485.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,666 shares of company stock valued at $3,408,961. Company insiders own 8.62% of the company’s stock.

Zuora 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.