Charles Schwab Investment Management Inc. Boosts Stock Position in Zuora, Inc. (NYSE:ZUO)

Charles Schwab Investment Management Inc. grew its position in shares of Zuora, Inc. (NYSE:ZUOFree Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,147,650 shares of the company’s stock after purchasing an additional 38,133 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.80% of Zuora worth $10,788,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James & Associates raised its position in Zuora by 20.7% in the 3rd quarter. Raymond James & Associates now owns 79,683 shares of the company’s stock worth $657,000 after purchasing an additional 13,659 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Zuora during the third quarter valued at about $25,000. Barclays PLC increased its holdings in shares of Zuora by 20.8% in the third quarter. Barclays PLC now owns 80,552 shares of the company’s stock worth $663,000 after buying an additional 13,890 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Zuora by 34.1% in the 3rd quarter. New York State Common Retirement Fund now owns 912,164 shares of the company’s stock valued at $7,516,000 after acquiring an additional 231,723 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Zuora by 2.3% during the 3rd quarter. Swiss National Bank now owns 269,700 shares of the company’s stock valued at $2,222,000 after acquiring an additional 6,100 shares during the period. Institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

ZUO has been the subject of several recent research reports. Lake Street Capital boosted their price objective on Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Robert W. Baird increased their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, May 23rd. Jefferies Financial Group increased their target price on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Check Out Our Latest Stock Report on Zuora

Zuora Price Performance

ZUO stock opened at $9.72 on Friday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $12.12. The firm has a 50-day moving average of $9.52 and a 200 day moving average of $8.99. The company has a market cap of $1.42 billion, a P/E ratio of -22.59 and a beta of 1.84.

Zuora (NYSE:ZUOGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $110.67 million during the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative return on equity of 31.10% and a negative net margin of 14.28%. On average, sell-side analysts forecast that Zuora, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew M. Cohen sold 11,864 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total value of $102,149.04. Following the sale, the insider now directly owns 137,898 shares of the company’s stock, valued at approximately $1,187,301.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Andrew M. Cohen sold 11,864 shares of Zuora stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the transaction, the insider now directly owns 137,898 shares in the company, valued at $1,187,301.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tien Tzuo sold 239,198 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $9.44, for a total value of $2,258,029.12. Following the completion of the sale, the chief executive officer now owns 6,352 shares in the company, valued at approximately $59,962.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 481,854 shares of company stock worth $4,393,048. 8.62% of the stock is owned by corporate insiders.

Zuora Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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