Zuora, Inc. (NYSE:ZUO) Stake Decreased by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in Zuora, Inc. (NYSE:ZUO) by 6.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,214,758 shares of the company’s stock after selling 80,620 shares during the quarter. Emerald Advisers LLC’s holdings in Zuora were worth $12,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its stake in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after buying an additional 1,590 shares during the period. Quent Capital LLC bought a new position in shares of Zuora in the first quarter valued at approximately $83,000. Williams Financial LLC acquired a new position in shares of Zuora during the second quarter valued at approximately $119,000. Victory Capital Management Inc. raised its holdings in Zuora by 25.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock worth $166,000 after purchasing an additional 3,582 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after purchasing an additional 2,851 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

Zuora Price Performance

NYSE ZUO opened at $8.57 on Friday. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $10.85. The stock’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $9.21. The company has a market cap of $1.25 billion, a PE ratio of -19.93 and a beta of 1.72. The company has a current ratio of 2.77, a quick ratio of 2.56 and a debt-to-equity ratio of 1.90.

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

Insider Activity

In other news, CEO Tien Tzuo sold 70,833 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $9.73, for a total value of $689,205.09. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at approximately $61,804.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Peter Hirsch sold 58,267 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.06, for a total value of $527,899.02. Following the sale, the insider now owns 14,566 shares in the company, valued at $131,967.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tien Tzuo sold 70,833 shares of Zuora stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.73, for a total value of $689,205.09. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $61,804.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 372,666 shares of company stock worth $3,408,961. 8.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZUO. 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 report on Tuesday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Zuora in a report on Thursday, August 22nd. Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $10.00 in a report on Monday, July 8th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group increased their target price on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Zuora presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora 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.