Focused Wealth Management Inc acquired a new position in Zuora Inc (NYSE:ZUO) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,206 shares of the company’s stock, valued at approximately $104,000.
Several other institutional investors have also recently modified their holdings of the business. FMR LLC acquired a new position in shares of Zuora in the fourth quarter worth about $73,320,000. Carmignac Gestion acquired a new position in shares of Zuora in the fourth quarter worth about $30,553,000. Brown Advisory Inc. raised its position in shares of Zuora by 1,944.0% in the fourth quarter. Brown Advisory Inc. now owns 1,328,270 shares of the company’s stock worth $24,095,000 after acquiring an additional 1,263,285 shares during the period. Vanguard Group Inc raised its position in shares of Zuora by 10.0% in the third quarter. Vanguard Group Inc now owns 1,110,959 shares of the company’s stock worth $25,674,000 after acquiring an additional 100,818 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Zuora by 10.0% in the third quarter. Vanguard Group Inc. now owns 1,110,959 shares of the company’s stock worth $25,674,000 after acquiring an additional 100,818 shares during the period. Institutional investors and hedge funds own 32.56% of the company’s stock.
A number of research analysts have weighed in on ZUO shares. Zacks Investment Research upgraded shares of Zuora from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Goldman Sachs Group reiterated a “sell” rating and issued a $18.00 price objective on shares of Zuora in a research report on Friday, February 1st. Canaccord Genuity upgraded shares of Zuora from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $28.00 in a research report on Tuesday, March 19th. Finally, Needham & Company LLC upped their price objective on shares of Zuora from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Zuora has an average rating of “Buy” and an average target price of $26.17.
ZUO stock opened at $22.35 on Monday. The stock has a market cap of $2.48 billion and a PE ratio of -27.26. 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 Inc has a 52 week low of $15.56 and a 52 week high of $37.78.
Zuora (NYSE:ZUO) last released its earnings results on Thursday, March 21st. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.00 million. Zuora had a negative return on equity of 46.98% and a negative net margin of 32.99%. Zuora’s quarterly revenue was up 28.7% compared to the same quarter last year. As a group, equities analysts anticipate that Zuora Inc will post -0.55 EPS for the current fiscal year.
In other news, President Marc Diouane sold 240,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $22.19, for a total transaction of $5,325,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $20.07, for a total transaction of $200,700.00. The disclosure for this sale can be found here. Insiders have sold 971,156 shares of company stock valued at $19,891,269 in the last three months.
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Zuora Company Profile
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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