Diversified Trust Co Raises Position in Zuora, Inc. (NYSE:ZUO)

Diversified Trust Co lifted its position in shares of Zuora, Inc. (NYSE:ZUO) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,564 shares of the company’s stock after acquiring an additional 2,692 shares during the quarter. Diversified Trust Co’s holdings in Zuora were worth $358,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Zuora by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after purchasing an additional 1,402 shares in the last quarter. CWM LLC lifted its stake in shares of Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares during the period. Principal Financial Group Inc. boosted its holdings in Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after buying an additional 2,851 shares in the last quarter. ProShare Advisors LLC grew its position in Zuora by 12.8% during the first quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock worth $243,000 after buying an additional 3,029 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Zuora in the second quarter valued at about $44,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Peter Hirsch sold 58,267 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.06, for a total transaction of $527,899.02. Following the sale, the insider now owns 14,566 shares in the company, valued at approximately $131,967.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Tien Tzuo sold 81,731 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.05, for a total transaction of $739,665.55. Following the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at $57,485.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Hirsch sold 58,267 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $9.06, for a total transaction of $527,899.02. Following the completion of the sale, the insider now directly owns 14,566 shares in the company, valued at $131,967.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,224 shares of company stock valued at $2,954,129 over the last 90 days. Insiders own 8.62% of the company’s stock.

Analyst Upgrades and Downgrades

ZUO has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Finally, Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and dropped their price target for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.86.

Zuora Price Performance

Shares of NYSE:ZUO opened at $8.96 on Friday. Zuora, Inc. has a one year low of $7.05 and a one year high of $10.85. The stock has a market cap of $1.31 billion, a PE ratio of -20.45 and a beta of 1.72. The business’s fifty day moving average price is $8.65 and its two-hundred day moving average price is $9.20. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The firm had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. On average, analysts forecast that Zuora, Inc. will post -0.06 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.