Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Zuora, Inc. (NYSE:ZUO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Zuora, Inc. (NYSE:ZUO) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,966 shares of the company’s stock after buying an additional 1,239 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zuora were worth $263,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ZUO. Vanguard Group Inc. increased its holdings in Zuora by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,742,063 shares of the company’s stock worth $129,715,000 after acquiring an additional 822,085 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after buying an additional 406,841 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Zuora by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,109,517 shares of the company’s stock worth $9,142,000 after buying an additional 71,782 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Zuora by 34.1% during the third quarter. New York State Common Retirement Fund now owns 912,164 shares of the company’s stock valued at $7,516,000 after buying an additional 231,723 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Zuora by 196.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 773,432 shares of the company’s stock worth $6,373,000 after buying an additional 512,700 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZUO has been the topic of several recent analyst reports. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and raised their price target for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Robert W. Baird dropped their target price on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Zuora in a report on Tuesday, April 30th. Finally, Canaccord Genuity Group dropped their price objective on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th.

Zuora Stock Performance

NYSE:ZUO opened at $10.08 on Monday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -21.00 and a beta of 1.84. The business has a 50 day moving average of $9.00 and a 200 day moving average of $8.67. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. The firm had revenue of $110.67 million during the quarter, compared to analyst estimates of $110.80 million. On average, sell-side analysts predict that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tien Tzuo sold 81,635 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $8.87, for a total value of $724,102.45. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $56,342.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Tien Tzuo sold 81,635 shares of Zuora stock in a transaction on Monday, April 1st. The shares were sold at an average price of $8.87, for a total value of $724,102.45. Following the transaction, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at $56,342.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Todd Mcelhatton sold 31,006 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $266,961.66. Following the sale, the chief financial officer now directly owns 277,803 shares of the company’s stock, valued at approximately $2,391,883.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 481,854 shares of company stock valued at $4,393,048. 9.25% of the stock is currently owned by insiders.

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.