SG Americas Securities LLC Invests $493,000 in Zuora, Inc. (NYSE:ZUO)

SG Americas Securities LLC bought a new position in Zuora, Inc. (NYSE:ZUO) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 57,200 shares of the company’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora during the 2nd quarter valued at $44,000. CWM LLC increased its position in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after buying an additional 1,590 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Zuora in the first quarter valued at about $83,000. Canada Pension Plan Investment Board acquired a new position in shares of Zuora in the second quarter valued at about $85,000. Finally, Williams Financial LLC acquired a new position in shares of Zuora in the second quarter valued at about $119,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Stock Performance

ZUO opened at $9.42 on Thursday. The stock has a market cap of $1.43 billion, a P/E ratio of -29.42 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’s 50 day simple moving average is $8.71 and its 200 day simple moving average is $9.21. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $10.85.

Zuora (NYSE:ZUO) last posted 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. 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 quarter in the prior year, the company earned ($0.12) EPS. Zuora’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $432,670.86. Following the completion of the sale, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Todd Mcelhatton sold 51,879 shares of the firm’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 $432,670.86. Following the completion of the sale, the chief financial officer now directly owns 356,875 shares in the company, valued at $2,976,337.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tien Tzuo sold 63,873 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $532,700.82. Following the transaction, the chief executive officer now directly owns 63,312 shares in the company, valued at $528,022.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock valued at $1,857,391 in the last quarter. 8.62% of the stock is currently owned by company insiders.

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.