Nelson Roberts Investment Advisors LLC bought a new stake in Zuora Inc (NYSE:ZUO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,937 shares of the company’s stock, valued at approximately $652,000.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in Zuora in the second quarter valued at approximately $49,026,000. Glynn Capital Management LLC bought a new position in shares of Zuora during the third quarter worth approximately $13,122,000. Peregrine Capital Management LLC bought a new position in shares of Zuora during the third quarter worth approximately $12,333,000. Frontier Capital Management Co. LLC increased its stake in shares of Zuora by 95.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,074,244 shares of the company’s stock worth $19,487,000 after purchasing an additional 523,581 shares during the period. Finally, FMR LLC bought a new position in shares of Zuora during the second quarter worth approximately $11,476,000. 22.93% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on ZUO. Goldman Sachs Group reiterated a “sell” rating and set a $18.00 target price on shares of Zuora in a research note on Friday, February 1st. Zacks Investment Research restated a “hold” rating on shares of Zuora in a research note on Saturday, January 26th. Needham & Company LLC upgraded Zuora from a “buy” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, December 20th. Finally, Morgan Stanley reduced their target price on Zuora from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.00.
Zuora (NYSE:ZUO) last announced its earnings results on Thursday, November 29th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). Zuora had a negative return on equity of 54.38% and a negative net margin of 32.02%. The company had revenue of $61.60 million for the quarter, compared to analyst estimates of $58.96 million. The firm’s revenue was up 32.8% on a year-over-year basis. Equities research analysts expect that Zuora Inc will post -0.8 earnings per share for the current fiscal year.
In related news, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $18.12, for a total value of $181,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michelangelo Volpi sold 73,271 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $18.39, for a total value of $1,347,453.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,222,667 shares of company stock valued at $22,684,804.
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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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