Yale University bought a new position in shares of Zuora Inc (NYSE:ZUO) during the first quarter, HoldingsChannel reports. The firm bought 55,051 shares of the company’s stock, valued at approximately $1,103,000. Zuora accounts for approximately 1.3% of Yale University’s holdings, making the stock its 8th largest holding.
Other hedge funds also recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC acquired a new position in shares of Zuora during the fourth quarter worth approximately $39,000. Taylor Frigon Capital Management LLC acquired a new position in shares of Zuora during the fourth quarter worth approximately $1,620,000. Eagle Asset Management Inc. lifted its position in shares of Zuora by 19.0% during the fourth quarter. Eagle Asset Management Inc. now owns 466,886 shares of the company’s stock worth $8,469,000 after purchasing an additional 74,599 shares in the last quarter. Gagnon Advisors LLC acquired a new position in Zuora in the fourth quarter valued at approximately $2,150,000. Finally, Peregrine Capital Management LLC lifted its holdings in Zuora by 26.5% in the fourth quarter. Peregrine Capital Management LLC now owns 674,835 shares of the company’s stock valued at $12,242,000 after buying an additional 141,175 shares during the period. Institutional investors own 33.49% of the company’s stock.
NYSE ZUO traded down $0.08 during trading hours on Friday, hitting $22.48. The company’s stock had a trading volume of 36,348 shares, compared to its average volume of 1,519,426. Zuora Inc has a twelve month low of $15.56 and a twelve month high of $37.78. The firm has a market capitalization of $2.47 billion and a P/E ratio of -27.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.86 and a quick ratio of 1.86.
Zuora (NYSE:ZUO) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.03). The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $63.00 million. Zuora had a negative net margin of 32.99% and a negative return on equity of 46.98%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. Sell-side analysts expect that Zuora Inc will post -0.55 EPS for the current fiscal year.
Several brokerages recently weighed in on ZUO. Zacks Investment Research restated a “hold” rating on shares of Zuora in a report on Saturday, January 26th. Canaccord Genuity upgraded shares of Zuora from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $28.00 in a report on Tuesday, March 19th. Goldman Sachs Group restated a “sell” rating and issued a $18.00 price objective on shares of Zuora in a report on Friday, February 1st. Finally, Needham & Company LLC increased their price objective on shares of Zuora from $27.00 to $30.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Zuora presently has a consensus rating of “Buy” and a consensus target price of $26.17.
In other Zuora news, President Marc Diouane sold 240,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $22.19, for a total value of $5,325,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Tyler Sloat sold 364,528 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $20.04, for a total transaction of $7,305,141.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 971,156 shares of company stock worth $19,891,269. Company insiders own 26.02% of the company’s stock.
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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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