Vanguard Group Inc. Grows Stock Holdings in Zuora, Inc. (NYSE:ZUO)

Vanguard Group Inc. raised its holdings in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,742,063 shares of the company's stock after buying an additional 822,085 shares during the quarter. Vanguard Group Inc. owned about 11.00% of Zuora worth $129,715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZUO. Deutsche Bank AG lifted its stake in Zuora by 13.2% during the third quarter. Deutsche Bank AG now owns 64,787 shares of the company's stock worth $534,000 after purchasing an additional 7,536 shares during the last quarter. Diversified Trust Co lifted its stake in Zuora by 13.7% during the third quarter. Diversified Trust Co now owns 47,002 shares of the company's stock worth $387,000 after purchasing an additional 5,662 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Zuora by 85.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company's stock worth $4,239,000 after purchasing an additional 237,548 shares during the last quarter. Tudor Investment Corp Et Al lifted its stake in Zuora by 22.5% during the third quarter. Tudor Investment Corp Et Al now owns 154,208 shares of the company's stock worth $1,271,000 after purchasing an additional 28,336 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Zuora by 11.4% during the third quarter. Morgan Stanley now owns 2,424,951 shares of the company's stock worth $19,982,000 after purchasing an additional 247,950 shares during the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Zuora Stock Performance

Shares of ZUO stock remained flat at $8.56 during midday trading on Wednesday. The company's stock had a trading volume of 2,014,350 shares, compared to its average volume of 1,309,827. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $12.12. The company has a 50-day simple moving average of $8.76 and a 200 day simple moving average of $8.49. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -17.81 and a beta of 1.90.

Zuora (NYSE:ZUO - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.10. The firm had revenue of $110.67 million for the quarter, compared to the consensus estimate of $110.80 million. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. As a group, equities analysts expect that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZUO shares. Canaccord Genuity Group lowered their target price on Zuora from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday, February 29th. The Goldman Sachs Group raised Zuora from a "neutral" rating to a "buy" rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Robert W. Baird lowered their target price on Zuora from $10.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, February 29th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, February 29th.

Insider Activity

In related news, CEO Tien Tzuo sold 81,635 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $8.87, for a total value of $724,102.45. Following the transaction, the chief executive officer now directly owns 6,352 shares of the company's stock, valued at approximately $56,342.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Tien Tzuo sold 81,635 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the completion of the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $56,342.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew M. Cohen sold 3,711 shares of Zuora stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $8.54, for a total value of $31,691.94. Following the completion of the transaction, the insider now owns 118,930 shares of the company's stock, valued at approximately $1,015,662.20. The disclosure for this sale can be found here. Insiders have sold 262,858 shares of company stock valued at $2,254,382 in the last ninety days. 9.25% of the stock is currently owned by company insiders.

Zuora Company Profile

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.