Price T Rowe Associates Inc. MD reduced its position in Zuora Inc (NYSE:ZUO) by 46.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 562,412 shares of the company’s stock after selling 495,541 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.51% of Zuora worth $8,616,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its position in shares of Zuora by 73.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock worth $30,000 after purchasing an additional 645 shares during the period. Advisory Services Network LLC lifted its position in shares of Zuora by 77.4% during the 1st quarter. Advisory Services Network LLC now owns 2,980 shares of the company’s stock valued at $60,000 after acquiring an additional 1,300 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Zuora by 90.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,763 shares of the company’s stock valued at $42,000 after acquiring an additional 1,311 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of Zuora by 19.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 13,395 shares of the company’s stock valued at $215,000 after acquiring an additional 2,180 shares during the period. Finally, Baldwin Brothers Inc. MA acquired a new position in shares of Zuora during the 2nd quarter valued at $38,000. 51.07% of the stock is currently owned by hedge funds and other institutional investors.
In other Zuora news, Director Jason Pressman sold 11,008 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.08, for a total transaction of $166,000.64. Also, Director Michelangelo Volpi sold 38,377 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.82, for a total transaction of $607,124.14. Insiders own 26.02% of the company’s stock.
Shares of ZUO stock opened at $14.49 on Wednesday. The firm has a market capitalization of $1.63 billion, a PE ratio of -17.67 and a beta of 1.91. The firm has a fifty day simple moving average of $14.97 and a two-hundred day simple moving average of $17.07. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.05. Zuora Inc has a 12 month low of $13.04 and a 12 month high of $24.65.
Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). The business had revenue of $69.70 million for the quarter, compared to the consensus estimate of $66.87 million. Zuora had a negative net margin of 30.81% and a negative return on equity of 47.64%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) EPS. On average, equities analysts predict that Zuora Inc will post -0.72 earnings per share for the current fiscal year.
A number of research firms recently issued reports on ZUO. Needham & Company LLC set a $18.00 target price on shares of Zuora and gave the company a “buy” rating in a research report on Thursday, August 29th. ValuEngine upgraded shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Finally, Zacks Investment Research upgraded shares of Zuora from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.17.
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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