18,679 Shares in Zuora, Inc. (NYSE:ZUO) Acquired by MQS Management LLC

MQS Management LLC bought a new position in shares of Zuora, Inc. (NYSE:ZUO) in the third quarter, HoldingsChannel reports. The firm bought 18,679 shares of the company’s stock, valued at approximately $161,000.

A number of other large investors have also bought and sold shares of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora during the 2nd quarter worth approximately $44,000. CWM LLC grew its stake in shares of Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after acquiring an additional 1,590 shares in the last quarter. Castleview Partners LLC bought a new position in shares of Zuora during the 3rd quarter worth approximately $79,000. Canada Pension Plan Investment Board bought a new position in shares of Zuora during the 2nd quarter worth approximately $85,000. Finally, Palumbo Wealth Management LLC grew its stake in shares of Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after acquiring an additional 1,210 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Zuora

In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares of the company’s stock, valued at $1,434,755.22. This trade represents a 10.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the sale, the chief financial officer now directly owns 356,875 shares of the company’s stock, valued at $2,976,337.50. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,081 shares of company stock valued at $1,857,391 in the last quarter. 8.62% of the stock is currently owned by insiders.

Zuora Price Performance

NYSE:ZUO opened at $9.91 on Friday. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $9.34.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share 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 analysts’ expectations of $112.63 million. During the same period last year, the business earned ($0.12) earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis.

Analyst Ratings Changes

ZUO has been the subject of several research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 price target on shares of Zuora in a research note on Monday, October 21st. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.43.

About Zuora

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.