Mutual of America Capital Management LLC Grows Stock Position in Zuora, Inc. (NYSE:ZUO)

Mutual of America Capital Management LLC raised its position in shares of Zuora, Inc. (NYSE:ZUOFree Report) by 4.8% during the third quarter, HoldingsChannel reports. The firm owned 628,544 shares of the company’s stock after purchasing an additional 29,018 shares during the period. Mutual of America Capital Management LLC’s holdings in Zuora were worth $5,179,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of Zuora by 8.6% in the second quarter. ProShare Advisors LLC now owns 16,964 shares of the company’s stock worth $186,000 after buying an additional 1,340 shares during the period. Hsbc Holdings PLC increased its holdings in Zuora by 5.9% during the 1st quarter. Hsbc Holdings PLC now owns 26,146 shares of the company’s stock valued at $396,000 after purchasing an additional 1,447 shares during the period. Macquarie Group Ltd. increased its holdings in Zuora by 1.0% during the 2nd quarter. Macquarie Group Ltd. now owns 177,905 shares of the company’s stock valued at $1,593,000 after purchasing an additional 1,846 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Zuora by 5.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 37,043 shares of the company’s stock valued at $305,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Zuora by 1.0% during the 1st quarter. Bank of America Corp DE now owns 206,384 shares of the company’s stock valued at $3,092,000 after acquiring an additional 1,977 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Zuora Stock Up 1.4 %

Shares of ZUO opened at $8.76 on Monday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 2.84. The firm has a fifty day simple moving average of $8.87 and a two-hundred day simple moving average of $8.79. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12.

Zuora (NYSE:ZUOGet Free Report) last posted its quarterly earnings data on Monday, December 4th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $109.80 million during the quarter, compared to analyst estimates of $108.66 million. Zuora had a negative return on equity of 64.62% and a negative net margin of 18.68%. Zuora’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) EPS. On average, equities research analysts expect that Zuora, Inc. will post -0.49 EPS for the current year.

Insider Buying and Selling

In other Zuora news, CRO Robert J. Traube sold 57,005 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $8.36, for a total transaction of $476,561.80. Following the completion of the transaction, the executive now owns 49,106 shares of the company’s stock, valued at approximately $410,526.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tien Tzuo sold 84,676 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $8.84, for a total value of $748,535.84. Following the completion of the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $56,151.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Robert J. Traube sold 57,005 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $8.36, for a total transaction of $476,561.80. Following the completion of the transaction, the executive now directly owns 49,106 shares of the company’s stock, valued at approximately $410,526.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 365,899 shares of company stock valued at $3,161,816. Company insiders own 9.25% of the company’s stock.

Wall Street Analysts Forecast Growth

ZUO has been the topic of several research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Zuora in a research report on Thursday, November 30th. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Zuora in a research report on Friday, February 2nd.

View Our Latest Stock Analysis on Zuora

Zuora Company Profile

(Free Report)

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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