Motley Fool Asset Management LLC lifted its stake in Zuora Inc (NYSE:ZUO) by 19.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 87,604 shares of the company’s stock after acquiring an additional 14,480 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Zuora were worth $1,755,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. FMR LLC acquired a new position in shares of Zuora in the 4th quarter worth approximately $73,320,000. Carmignac Gestion acquired a new position in shares of Zuora in the 4th quarter worth approximately $30,553,000. Brown Advisory Inc. lifted its holdings in shares of Zuora by 1,944.0% in the 4th quarter. Brown Advisory Inc. now owns 1,328,270 shares of the company’s stock worth $24,095,000 after acquiring an additional 1,263,285 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Zuora by 10.0% in the 3rd quarter. Vanguard Group Inc now owns 1,110,959 shares of the company’s stock worth $25,674,000 after acquiring an additional 100,818 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Zuora by 10.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,110,959 shares of the company’s stock worth $25,674,000 after acquiring an additional 100,818 shares during the last quarter. Hedge funds and other institutional investors own 33.49% of the company’s stock.
Several brokerages have recently commented on ZUO. Zacks Investment Research upgraded shares of Zuora from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Thursday, March 28th. Canaccord Genuity upgraded shares of Zuora from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $28.00 in a report on Tuesday, March 19th. Needham & Company LLC upped their price objective on shares of Zuora from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 20th. Finally, Goldman Sachs Group restated a “sell” rating and issued a $18.00 price objective on shares of Zuora in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.17.
In other Zuora news, President Marc Diouane sold 240,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $22.19, for a total transaction of $5,325,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jennifer Pileggi sold 10,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $20.07, for a total transaction of $200,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 971,156 shares of company stock worth $19,891,269. 26.02% of the stock is owned by company insiders.
Zuora stock opened at $22.31 on Friday. The company has a market cap of $2.47 billion and a price-to-earnings ratio of -27.21. Zuora Inc has a 52-week low of $15.56 and a 52-week high of $37.78. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.07.
Zuora (NYSE:ZUO) last released its earnings results on Thursday, March 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.03). The business had revenue of $64.10 million for the quarter, compared to analyst estimates of $63.00 million. Zuora had a negative return on equity of 46.98% and a negative net margin of 32.99%. The company’s revenue was up 28.7% on a year-over-year basis. Equities analysts expect that Zuora Inc will post -0.55 earnings per share for the current fiscal year.
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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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