272 Capital LP Sells 103,822 Shares of Zuora, Inc. (NYSE:ZUO)

272 Capital LP trimmed its position in shares of Zuora, Inc. (NYSE:ZUO) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,326 shares of the company’s stock after selling 103,822 shares during the period. Zuora accounts for 1.9% of 272 Capital LP’s portfolio, making the stock its 20th largest holding. 272 Capital LP owned 0.26% of Zuora worth $3,826,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Scalar Gauge Management LLC bought a new stake in shares of Zuora during the fourth quarter valued at approximately $12,620,000. Vanguard Group Inc. increased its holdings in Zuora by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after acquiring an additional 917,565 shares during the last quarter. Circumference Group LLC purchased a new stake in Zuora in the 4th quarter worth $6,392,000. Bares Capital Management Inc. boosted its holdings in shares of Zuora by 41.4% during the 1st quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after purchasing an additional 511,292 shares during the last quarter. Finally, Solel Partners LP boosted its holdings in shares of Zuora by 13.5% during the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after purchasing an additional 483,445 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.

Zuora Price Performance

ZUO opened at $8.64 on Tuesday. The business has a fifty day moving average of $8.82 and a 200 day moving average of $9.24. The stock has a market cap of $1.26 billion, a P/E ratio of -20.09 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 52-week low of $7.05 and a 52-week high of $10.85.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The firm had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. As a group, sell-side analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current year.

Insider Transactions at Zuora

In related news, insider Andrew M. Cohen sold 3,861 shares of the business’s 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 owns 148,640 shares in the company, valued at $1,294,654.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $33,629.31. Following the completion of the sale, the insider now directly owns 148,640 shares in the company, valued at $1,294,654.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Hirsch sold 58,267 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.06, for a total transaction of $527,899.02. Following the completion of the sale, the insider now directly owns 14,566 shares of the company’s stock, valued at $131,967.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,666 shares of company stock valued at $3,408,961. 8.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ZUO has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Craig Hallum lowered shares of 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Robert W. Baird increased their price target on Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

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.