Jennison Associates LLC Has $818,000 Holdings in Zuora, Inc. (NYSE:ZUO)

Jennison Associates LLC raised its position in shares of Zuora, Inc. (NYSE:ZUO) by 26.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 87,030 shares of the company’s stock after purchasing an additional 18,013 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of Zuora worth $818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Zuora during the 3rd quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Zuora during the 3rd quarter worth approximately $25,000. Sherbrooke Park Advisers LLC bought a new position in shares of Zuora during the 3rd quarter worth approximately $88,000. MQS Management LLC bought a new position in shares of Zuora during the 3rd quarter worth approximately $129,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Zuora during the 4th quarter worth approximately $166,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Buying and Selling at Zuora

In other Zuora news, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $56,342.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Todd Mcelhatton sold 31,006 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total value of $266,961.66. Following the sale, the chief financial officer now directly owns 277,803 shares of the company’s stock, valued at $2,391,883.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 481,854 shares of company stock worth $4,393,048. Corporate insiders own 9.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group cut their price target on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Tuesday, January 23rd. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Zuora in a report on Thursday, February 29th. Finally, Robert W. Baird cut their target price on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th.

Zuora Stock Up 0.9 %

Shares of ZUO opened at $9.95 on Friday. Zuora, Inc. has a 12-month low of $7.05 and a 12-month high of $12.12. The business’s fifty day moving average is $8.82 and its 200 day moving average is $8.59. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69.

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

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.