ProShare Advisors LLC Has $195,000 Holdings in Zuora, Inc. (NYSE:ZUO)

ProShare Advisors LLC cut its stake in Zuora, Inc. (NYSE:ZUO) by 26.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,664 shares of the company’s stock after selling 6,951 shares during the period. ProShare Advisors LLC’s holdings in Zuora were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CWM LLC lifted its holdings 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 in the last quarter. Quent Capital LLC bought a new position in Zuora in the first quarter valued at about $83,000. Canada Pension Plan Investment Board acquired a new stake in Zuora in the second quarter worth about $85,000. Williams Financial LLC bought a new stake in Zuora during the 2nd quarter worth about $119,000. Finally, Principal Financial Group Inc. lifted its position 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 purchasing an additional 2,851 shares during the period. 83.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZUO has been the subject of several analyst reports. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and lowered their price target for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. 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. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Zuora presently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

Insider Buying and Selling

In other Zuora news, CRO Robert J. Traube sold 62,707 shares of Zuora stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $522,976.38. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Andrew M. Cohen sold 20,773 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the transaction, the insider now directly owns 172,033 shares of the company’s stock, valued at $1,434,755.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Robert J. Traube sold 62,707 shares of Zuora stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 directly owns 109,704 shares in the company, valued at approximately $914,931.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 504,059 shares of company stock valued at $4,406,320. 8.62% of the stock is owned by corporate insiders.

Zuora Trading Up 1.9 %

Shares of NYSE ZUO opened at $8.61 on Friday. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $10.85. The stock has a market cap of $1.26 billion, a price-to-earnings 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. The company’s fifty day moving average is $8.68 and its 200-day moving average is $9.21.

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