Creative Planning Lowers Stock Holdings in Zuora, Inc. (NYSE:ZUO)

Creative Planning reduced its position in Zuora, Inc. (NYSE:ZUO) by 51.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,245 shares of the company’s stock after selling 13,918 shares during the quarter. Creative Planning’s holdings in Zuora were worth $114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after buying an additional 917,565 shares during the last quarter. Scalar Gauge Management LLC increased its holdings in shares of Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after acquiring an additional 1,332,343 shares during the last quarter. Solel Partners LP raised its position in shares of Zuora by 13.5% during the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after acquiring an additional 483,445 shares in the last quarter. Bares Capital Management Inc. boosted its holdings in Zuora by 41.4% in the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Zuora by 27.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company’s stock valued at $9,787,000 after purchasing an additional 212,200 shares during the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ZUO shares. Lake Street Capital reaffirmed a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 price objective on shares of Zuora in a report on Monday, October 21st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.43.

Zuora Trading Down 0.1 %

Shares of ZUO opened at $9.89 on Wednesday. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The stock’s fifty day simple moving average is $9.14 and its 200 day simple moving average is $9.33. The firm has a market capitalization of $1.50 billion, a P/E ratio of -30.91 and a beta of 1.70. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90.

Zuora (NYSE:ZUO) last posted its quarterly earnings data 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. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same quarter last year, the firm posted ($0.12) earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis.

Insider Buying and Selling at Zuora

In other news, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the sale, the insider now directly owns 172,033 shares in the company, valued at approximately $1,434,755.22. This 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 the SEC website. In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the transaction, the insider now directly owns 172,033 shares of the company’s stock, valued at approximately $1,434,755.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Hirsch sold 18,855 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now directly owns 19,279 shares of the company’s stock, valued at approximately $174,667.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock worth $1,857,391 in the last ninety days. 8.62% of the stock is owned by insiders.

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.