Zuora Inc (NYSE:ZUO) Short Interest Update

Zuora Inc (NYSE:ZUO) was the target of a large decrease in short interest in November. As of November 29th, there was short interest totalling 4,040,000 shares, a decrease of 11.2% from the November 14th total of 4,550,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 3.8 days. Approximately 5.2% of the company’s shares are sold short.

In related news, CRO Robert J. Traube sold 45,924 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $14.75, for a total value of $677,379.00. Following the completion of the sale, the executive now owns 105,103 shares in the company, valued at approximately $1,550,269.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Robert J. Traube sold 48,973 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.52, for a total transaction of $711,087.96. In the last 90 days, insiders sold 105,905 shares of company stock valued at $1,554,468. 26.02% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its holdings in Zuora by 90.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,763 shares of the company’s stock worth $42,000 after purchasing an additional 1,311 shares in the last quarter. NEXT Financial Group Inc increased its holdings in Zuora by 2,710.3% during the 3rd quarter. NEXT Financial Group Inc now owns 3,007 shares of the company’s stock worth $45,000 after purchasing an additional 2,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Zuora during the 2nd quarter worth about $49,000. Rehmann Capital Advisory Group bought a new position in Zuora during the 2nd quarter worth about $53,000. Finally, LLBH Private Wealth Management LLC bought a new position in Zuora during the 2nd quarter worth about $57,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

ZUO stock traded up $0.25 during trading hours on Friday, reaching $14.41. 21,661 shares of the stock were exchanged, compared to its average volume of 943,748. The firm’s 50-day moving average is $14.93 and its 200-day moving average is $15.12. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -17.60 and a beta of 1.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.92. Zuora has a 12 month low of $13.04 and a 12 month high of $24.65.

Zuora (NYSE:ZUO) last released its earnings results on Thursday, December 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $70.31 million. Zuora had a negative return on equity of 47.35% and a negative net margin of 29.77%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, equities research analysts forecast that Zuora will post -0.71 earnings per share for the current year.

A number of analysts recently commented on the stock. Needham & Company LLC set a $18.00 price objective on shares of Zuora and gave the company a “buy” rating in a research report on Thursday, August 29th. Zacks Investment Research upgraded shares of Zuora from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Zuora presently has an average rating of “Hold” and a consensus target price of $20.17.

Zuora Company Profile

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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