Samson Rock Capital LLP Has $2.59 Million Stock Holdings in Zuora, Inc. (NYSE:ZUO)

Samson Rock Capital LLP raised its stake in Zuora, Inc. (NYSE:ZUO) by 81.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 300,000 shares of the company’s stock after purchasing an additional 135,000 shares during the quarter. Zuora accounts for about 2.6% of Samson Rock Capital LLP’s portfolio, making the stock its 3rd biggest position. Samson Rock Capital LLP owned approximately 0.20% of Zuora worth $2,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Arizona State Retirement System raised its position in Zuora by 4.0% in the 2nd quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock valued at $364,000 after buying an additional 1,402 shares during the last quarter. CWM LLC grew its stake in shares of Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after acquiring an additional 1,590 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Zuora by 6.9% in the third quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock valued at $358,000 after purchasing an additional 2,692 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Zuora by 18.6% during the first 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 in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Zuora by 12.8% during the first quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock worth $243,000 after purchasing an additional 3,029 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and decreased their price objective for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Zuora in a research report on Thursday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Zuora currently has an average rating of “Moderate Buy” and an average target price of $11.86.

Insiders Place Their Bets

In other news, insider Andrew M. Cohen sold 20,773 shares of the business’s 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 $173,246.82. Following the sale, the insider now owns 172,033 shares of the company’s stock, valued at $1,434,755.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zuora news, insider Peter Hirsch sold 58,267 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.06, for a total value of $527,899.02. Following the completion of the transaction, the insider now owns 14,566 shares in the company, valued at $131,967.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew M. Cohen sold 20,773 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 353,424 shares of company stock worth $3,054,929 over the last quarter. 8.62% of the stock is currently owned by company insiders.

Zuora Trading Up 1.1 %

NYSE:ZUO opened at $8.64 on Wednesday. The firm’s 50 day moving average is $8.67 and its 200 day moving average is $9.20. Zuora, Inc. has a 12 month low of $7.05 and a 12 month high of $10.85. The stock has a market capitalization of $1.31 billion, a PE ratio of -20.08 and a beta of 1.72. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $112.63 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Sell-side analysts expect that Zuora, Inc. will post -0.06 earnings per share 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.