CANADA LIFE ASSURANCE Co Acquires 186,329 Shares of Zuora, Inc. (NYSE:ZUO)

CANADA LIFE ASSURANCE Co raised its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 33.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 740,986 shares of the company’s stock after acquiring an additional 186,329 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.51% of Zuora worth $6,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Quent Capital LLC bought a new position in Zuora in the 1st quarter valued at $83,000. Victory Capital Management Inc. grew its position 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 buying an additional 3,582 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in Zuora in the 4th quarter worth about $166,000. Principal Financial Group Inc. boosted its position in shares of Zuora by 18.6% during the 1st quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after acquiring an additional 2,851 shares during the last quarter. Finally, Versor Investments LP grew its holdings in shares of Zuora by 85.2% during the fourth quarter. Versor Investments LP now owns 25,210 shares of the company’s stock worth $237,000 after purchasing an additional 11,600 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

ZUO has been the topic of a number of recent analyst reports. Lake Street Capital raised their target price on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group lifted their price objective on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and reduced their target price for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Zuora in a research report on Thursday, June 27th. Finally, Robert W. Baird upped their price objective on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Zuora Trading Up 2.4 %

NYSE ZUO opened at $9.48 on Friday. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $11.80. The stock has a 50-day moving average of $9.56 and a 200-day moving average of $9.21. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.56 and a quick ratio of 2.56.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $109.77 million during the quarter, compared to the consensus estimate of $108.80 million. Research analysts expect that Zuora, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Activity

In other Zuora news, CEO Tien Tzuo sold 114,825 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $9.05, for a total value of $1,039,166.25. Following the completion of the sale, the chief executive officer now owns 6,352 shares in the company, valued at approximately $57,485.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Tien Tzuo sold 114,825 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $9.05, for a total value of $1,039,166.25. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $57,485.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Todd Mcelhatton sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the transaction, the chief financial officer now owns 310,622 shares in the company, valued at approximately $2,708,623.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 372,666 shares of company stock valued at $3,408,961. Insiders own 8.62% of the company’s stock.

Zuora Company 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.