Zuora, Inc. (NYSE:ZUO) is Solel Partners LP’s 5th Largest Position

Solel Partners LP lifted its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,058,308 shares of the company’s stock after buying an additional 483,445 shares during the period. Zuora makes up approximately 6.6% of Solel Partners LP’s holdings, making the stock its 5th largest position. Solel Partners LP owned approximately 2.78% of Zuora worth $40,299,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after acquiring an additional 1,590 shares during the period. Quent Capital LLC acquired a new position in Zuora during the first quarter worth about $83,000. Canada Pension Plan Investment Board acquired a new stake in shares of Zuora in the second quarter valued at approximately $85,000. Williams Financial LLC purchased a new position in shares of Zuora during the 2nd quarter worth approximately $119,000. Finally, Victory Capital Management Inc. raised its position in shares of Zuora by 25.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock worth $166,000 after purchasing an additional 3,582 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Zuora Price Performance

ZUO stock opened at $8.64 on Tuesday. The stock has a 50-day moving average price of $8.82 and a two-hundred day moving average price of $9.24. The company has a market cap of $1.26 billion, a PE ratio of -20.09 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, Inc. has a 12-month low of $7.05 and a 12-month 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, topping analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm had revenue of $115.40 million during the quarter, compared to the consensus estimate of $112.63 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The company’s revenue was up 6.8% on a year-over-year basis. As a group, research analysts predict that Zuora, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, insider Peter Hirsch sold 58,267 shares of Zuora stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.06, for a total transaction of $527,899.02. Following the sale, the insider now owns 14,566 shares in the company, valued at $131,967.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Peter Hirsch sold 58,267 shares of Zuora 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 sale, the insider now directly owns 14,566 shares of the company’s stock, valued at $131,967.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Todd Mcelhatton sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the transaction, the chief financial officer now owns 310,622 shares in the company, valued at approximately $2,708,623.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 372,666 shares of company stock worth $3,408,961. 8.62% of the stock is currently owned by corporate 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.