Algert Global LLC Trims Stock Holdings in Zuora, Inc. (NYSE:ZUO)

Algert Global LLC decreased its stake in Zuora, Inc. (NYSE:ZUO) by 18.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,435 shares of the company’s stock after selling 26,825 shares during the quarter. Algert Global LLC owned approximately 0.08% of Zuora worth $1,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Scalar Gauge Management LLC purchased a new stake in shares of Zuora during the fourth quarter worth about $12,620,000. Vanguard Group Inc. grew its position in shares of Zuora by 5.6% during the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after purchasing an additional 917,565 shares in the last quarter. Bares Capital Management Inc. grew its position in shares of Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Solel Partners LP grew its position in shares of Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after purchasing an additional 483,445 shares in the last quarter. Finally, Divisar Capital Management LLC purchased a new stake in shares of Zuora during the second quarter worth about $4,575,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Activity

In other news, CEO Tien Tzuo sold 114,825 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $9.05, for a total value of $1,039,166.25. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at $57,485.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Andrew M. Cohen sold 3,861 shares of the firm’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 transaction of $33,629.31. Following the completion of the sale, the insider now directly owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tien Tzuo sold 114,825 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $9.05, for a total value of $1,039,166.25. Following the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at $57,485.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 504,059 shares of company stock valued at $4,406,320 in the last ninety days. Insiders own 8.62% of the company’s stock.

Zuora Price Performance

NYSE:ZUO opened at $8.61 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -20.02 and a beta of 1.72. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $10.85. The business has a 50 day simple moving average of $8.68 and a 200-day simple moving average of $9.21. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77.

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

Wall Street Analysts Forecast Growth

ZUO has been the subject of several research analyst reports. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. 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. Finally, Canaccord Genuity Group reissued a “buy” rating and set 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora Company Profile

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.