Vestor Capital LLC Grows Position in Zuora, Inc. (NYSE:ZUO)

Vestor Capital LLC grew its stake in shares of Zuora, Inc. (NYSE:ZUOGet Rating) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 397,232 shares of the company’s stock after acquiring an additional 4,980 shares during the quarter. Vestor Capital LLC’s holdings in Zuora were worth $5,951,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ZUO. Russell Investments Group Ltd. increased its position in Zuora by 329.4% during the fourth quarter. Russell Investments Group Ltd. now owns 77,894 shares of the company’s stock worth $1,453,000 after buying an additional 59,752 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Zuora during the fourth quarter worth $1,472,000. Qube Research & Technologies Ltd purchased a new position in Zuora during the fourth quarter worth $2,282,000. Calamos Advisors LLC purchased a new position in Zuora during the fourth quarter worth $1,684,000. Finally, New York State Common Retirement Fund increased its position in Zuora by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 85,631 shares of the company’s stock worth $1,600,000 after buying an additional 5,129 shares in the last quarter. Hedge funds and other institutional investors own 83.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum lowered their price objective on Zuora to $22.00 in a research report on Thursday, May 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.17.

Insider Buying and Selling at Zuora

In other Zuora news, CFO Todd Mcelhatton sold 18,136 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $8.93, for a total transaction of $161,954.48. Following the completion of the sale, the chief financial officer now owns 89,185 shares of the company’s stock, valued at $796,422.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Zuora news, CRO Robert J. Traube sold 21,626 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $8.93, for a total transaction of $193,120.18. Following the completion of the sale, the executive now owns 59,223 shares of the company’s stock, valued at $528,861.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 18,136 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $8.93, for a total value of $161,954.48. Following the sale, the chief financial officer now directly owns 89,185 shares of the company’s stock, valued at approximately $796,422.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,483 shares of company stock valued at $840,478. Company insiders own 9.08% of the company’s stock.

Zuora Stock Performance

Shares of NYSE:ZUO traded up $0.28 during midday trading on Friday, reaching $9.28. The company’s stock had a trading volume of 818,557 shares, compared to its average volume of 784,074. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.46 and a quick ratio of 2.46. Zuora, Inc. has a 1 year low of $8.22 and a 1 year high of $23.25. The business has a 50 day moving average price of $9.20 and a 200 day moving average price of $12.19.

Zuora (NYSE:ZUOGet Rating) last announced its quarterly earnings data on Wednesday, May 25th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Zuora had a negative net margin of 29.18% and a negative return on equity of 52.39%. The business had revenue of $93.20 million during the quarter, compared to analysts’ expectations of $92.24 million. During the same period in the prior year, the firm earned ($0.13) EPS. Zuora’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts predict that Zuora, Inc. will post -0.86 earnings per share for the current year.

Zuora Profile

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Zuora, Inc, together with its subsidiaries, 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 orchestration engine that allows customers quote-to-revenue operations.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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