12,400 Shares in Zuora, Inc. (NYSE:ZUO) Acquired by Williams Financial LLC

Williams Financial LLC acquired a new stake in Zuora, Inc. (NYSE:ZUO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,400 shares of the company’s stock, valued at approximately $119,000.

A number of other hedge funds also recently made changes to their positions in ZUO. CWM LLC boosted its stake in shares of Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares during the period. Quent Capital LLC acquired a new stake in shares of Zuora during the first quarter valued at about $83,000. Victory Capital Management Inc. increased its position in shares of 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 acquiring an additional 3,582 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of Zuora in the fourth quarter worth about $166,000. Finally, Principal Financial Group Inc. boosted its holdings in Zuora by 18.6% in the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after purchasing an additional 2,851 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZUO shares. Jefferies Financial Group upped their target price on Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Lake Street Capital upped their price target on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Zuora in a report on Thursday, May 23rd. Robert W. Baird boosted their target price on shares of Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

Insider Activity at Zuora

In other news, insider Andrew M. Cohen sold 3,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $8.71, for a total transaction of $33,629.31. Following the completion of the transaction, the insider now directly owns 148,640 shares in the company, valued at $1,294,654.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Andrew M. Cohen sold 3,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total transaction of $33,629.31. Following the completion of the sale, the insider now directly owns 148,640 shares in the company, valued at $1,294,654.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tien Tzuo sold 114,825 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $57,485.60. The disclosure for this sale can be found here. Insiders have sold a total of 372,666 shares of company stock worth $3,408,961 in the last ninety days. 8.62% of the stock is owned by insiders.

Zuora Stock Performance

Shares of Zuora stock traded up $0.15 during trading hours on Friday, reaching $8.83. The company’s stock had a trading volume of 2,136,465 shares, compared to its average volume of 1,359,862. Zuora, Inc. has a one year low of $7.05 and a one year high of $10.85. The company’s 50 day simple moving average is $9.18 and its 200 day simple moving average is $9.20. 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 stock has a market cap of $1.29 billion, a P/E ratio of -20.53 and a beta of 1.71.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $108.80 million. As a group, analysts expect that Zuora, Inc. will post -0.16 EPS for the current fiscal year.

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.