Baillie Gifford & Co. Has $38.32 Million Stake in Zuora, Inc. (NYSE:ZUO)

Baillie Gifford & Co. trimmed its holdings in Zuora, Inc. (NYSE:ZUO) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,201,954 shares of the company’s stock after selling 242,911 shares during the period. Baillie Gifford & Co. owned 2.88% of Zuora worth $38,322,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ZUO. Vanguard Group Inc. increased its stake in shares of Zuora by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock worth $153,642,000 after purchasing an additional 602,866 shares during the period. The Manufacturers Life Insurance Company increased its stake in Zuora by 13.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after acquiring an additional 429,705 shares during the period. Scalar Gauge Management LLC bought a new position in Zuora during the 4th quarter worth $12,620,000. Bares Capital Management Inc. increased its stake in Zuora by 54.4% during the 4th quarter. Bares Capital Management Inc. now owns 1,235,000 shares of the company’s stock worth $11,609,000 after acquiring an additional 435,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Zuora by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,147,650 shares of the company’s stock worth $10,788,000 after acquiring an additional 38,133 shares during the period. 83.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CRO Robert J. Traube sold 11,294 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the completion of the transaction, the executive now directly owns 17,547 shares of the company’s stock, valued at $175,470. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CRO Robert J. Traube sold 11,294 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the completion of the transaction, the executive now directly owns 17,547 shares of the company’s stock, valued at $175,470. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew M. Cohen sold 3,794 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total value of $31,452.26. Following the completion of the transaction, the insider now owns 134,104 shares in the company, valued at approximately $1,111,722.16. The disclosure for this sale can be found here. Insiders sold a total of 371,025 shares of company stock valued at $3,496,918 over the last three months. Corporate insiders own 8.62% of the company’s stock.

Zuora Trading Down 0.8 %

Shares of NYSE:ZUO traded down $0.08 during midday trading on Friday, reaching $9.56. The company’s stock had a trading volume of 770,097 shares, compared to its average volume of 1,056,389. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -22.23 and a beta of 1.71. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a 50 day moving average price of $9.88 and a two-hundred day moving average price of $9.20. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $11.80.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The business had revenue of $109.77 million during the quarter, compared to analyst estimates of $108.80 million. As a group, analysts forecast that Zuora, Inc. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ZUO. Lake Street Capital raised their price objective on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group lifted their price target on Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday, May 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Zuora in a research note on Thursday, June 27th. Finally, Robert W. Baird lifted their price target on Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

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.