Zuora, Inc. (NYSE:ZUO) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in Zuora, Inc. (NYSE:ZUO) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,795 shares of the company’s stock after purchasing an additional 1,969 shares during the quarter. Vontobel Holding Ltd.’s holdings in Zuora were worth $449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Zuora in the third quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale acquired a new stake in Zuora during the third quarter worth $25,000. Sherbrooke Park Advisers LLC acquired a new stake in Zuora during the third quarter worth $88,000. MQS Management LLC acquired a new stake in Zuora during the third quarter worth $129,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Zuora during the third quarter worth $189,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Stock Up 1.2 %

ZUO opened at $9.75 on Wednesday. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $12.12. The business has a fifty day simple moving average of $8.73 and a 200-day simple moving average of $8.55. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43.

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

Insider Buying and Selling

In related news, CRO Robert J. Traube sold 11,294 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $112,940.00. Following the sale, the executive now directly owns 17,547 shares in the company, valued at $175,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CRO Robert J. Traube sold 11,294 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $112,940.00. Following the sale, the executive now directly owns 17,547 shares in the company, valued at $175,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew M. Cohen sold 3,794 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $8.29, for a total transaction of $31,452.26. Following the sale, the insider now owns 134,104 shares in the company, valued at $1,111,722.16. The disclosure for this sale can be found here. Insiders sold 481,854 shares of company stock valued at $4,393,048 in the last three months. 9.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.