BDF Gestion Boosts Stake in Zuora, Inc. (NYSE:ZUO)

BDF Gestion increased its position in shares of Zuora, Inc. (NYSE:ZUO) by 34.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 465,000 shares of the company’s stock after buying an additional 120,000 shares during the quarter. BDF Gestion owned about 0.32% of Zuora worth $4,008,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ZUO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zuora during the second quarter worth about $44,000. CWM LLC increased its holdings 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. Canada Pension Plan Investment Board purchased a new stake in shares of Zuora during the second quarter worth approximately $85,000. Quent Capital LLC purchased a new position in Zuora during the 1st quarter worth $83,000. Finally, Williams Financial LLC acquired a new stake in shares of Zuora in the 2nd quarter worth $119,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Price Performance

ZUO traded up $0.16 during trading on Tuesday, reaching $9.13. 1,791,513 shares of the stock were exchanged, compared to its average volume of 1,369,249. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $10.85. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -20.87 and a beta of 1.72. The business’s 50 day moving average price is $8.67 and its two-hundred day moving average price is $9.20. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77.

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

Insider Activity at Zuora

In related news, CRO Robert J. Traube sold 62,707 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $522,976.38. Following the sale, the executive now owns 109,704 shares in the company, valued at approximately $914,931.36. 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 related news, CFO Todd Mcelhatton sold 51,879 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Robert J. Traube sold 62,707 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $522,976.38. Following the sale, the executive now directly owns 109,704 shares of the company’s stock, valued at approximately $914,931.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,226 shares of company stock valued at $1,686,565. 8.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZUO. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Finally, Craig Hallum downgraded Zuora from a “buy” rating to a “hold” rating and decreased their price target for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

Zuora Company 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.