Castleview Partners LLC Makes New $79,000 Investment in Zuora, Inc. (NYSE:ZUO)

Castleview Partners LLC acquired a new stake in shares of Zuora, Inc. (NYSE:ZUO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,116 shares of the company’s stock, valued at approximately $79,000.

Several other hedge funds have also recently made changes to their positions in ZUO. Arizona State Retirement System grew its stake in Zuora by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock valued at $364,000 after purchasing an additional 1,402 shares during the last quarter. CWM LLC increased its holdings in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares during the period. Diversified Trust Co raised its position in Zuora by 6.9% during the 3rd quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock worth $358,000 after buying an additional 2,692 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Zuora by 18.6% during the 1st quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after acquiring an additional 2,851 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Zuora by 12.8% in the 1st quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after acquiring an additional 3,029 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ZUO shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price target on shares of Zuora in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Lake Street Capital reiterated a “hold” rating and set a $10.00 price target on shares of Zuora in a research report on Friday. Finally, Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $10.00 in a report on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.43.

Insider Activity

In related news, CFO Todd Mcelhatton sold 51,879 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the completion of the sale, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Peter Hirsch sold 18,855 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the sale, the insider now directly owns 19,279 shares of the company’s stock, valued at approximately $174,667.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the completion of the transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at $2,976,337.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is currently owned by insiders.

Zuora Price Performance

Zuora stock opened at $9.92 on Tuesday. The company has a fifty day simple moving average of $8.80 and a 200-day simple moving average of $9.24. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -23.06 and a beta of 1.72. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $10.85.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) earnings per share. On average, equities analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current fiscal year.

About Zuora

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.