Fmr LLC Grows Stock Position in Zuora Inc (NYSE:ZUO)

FMR LLC lifted its holdings in Zuora Inc (NYSE:ZUO) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,298,954 shares of the company’s stock after buying an additional 257,077 shares during the quarter. FMR LLC owned approximately 3.89% of Zuora worth $86,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Zuora by 73.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock worth $30,000 after buying an additional 645 shares during the period. Virtu Financial LLC increased its holdings in Zuora by 7.8% during the 1st quarter. Virtu Financial LLC now owns 12,047 shares of the company’s stock worth $241,000 after purchasing an additional 872 shares during the period. Advisory Services Network LLC increased its holdings in Zuora by 158.5% during the 4th quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock worth $30,000 after purchasing an additional 1,030 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Zuora during the 1st quarter worth $29,000. Finally, Northern Trust Corp increased its holdings in Zuora by 9.9% during the 4th quarter. Northern Trust Corp now owns 24,937 shares of the company’s stock worth $453,000 after purchasing an additional 2,251 shares during the period. Hedge funds and other institutional investors own 37.62% of the company’s stock.

NYSE ZUO traded down $0.18 during midday trading on Friday, hitting $15.31. 734,161 shares of the company traded hands, compared to its average volume of 1,813,232. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.72 billion, a P/E ratio of -18.67 and a beta of 1.96. The firm has a 50-day simple moving average of $15.30. Zuora Inc has a 52 week low of $13.04 and a 52 week high of $35.68.

Zuora (NYSE:ZUO) last announced its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.01). The company had revenue of $64.11 million for the quarter, compared to the consensus estimate of $64.13 million. Zuora had a negative net margin of 31.80% and a negative return on equity of 47.50%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business posted ($0.29) EPS. As a group, research analysts anticipate that Zuora Inc will post -0.6 EPS for the current year.

Several research firms have commented on ZUO. Needham & Company LLC restated a “buy” rating and set a $137.00 price objective (up from $105.00) on shares of Okta in a report on Friday, May 31st. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, June 8th. Morgan Stanley reduced their price objective on Zuora from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Jefferies Financial Group reduced their price objective on Zuora from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Canaccord Genuity restated a “hold” rating on shares of National Bank of Canada in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $19.43.

In other Zuora news, President Marc Diouane sold 240,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $22.19, for a total transaction of $5,325,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jason Pressman sold 11,008 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $15.35, for a total value of $168,972.80. The disclosure for this sale can be found here. Insiders have sold a total of 271,008 shares of company stock worth $5,814,873 in the last ninety days. Insiders own 26.02% of the company’s stock.

Zuora Company Profile

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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