Ritholtz Wealth Management Invests $173,000 in Zuora Inc (NYSE:ZUO)

Ritholtz Wealth Management purchased a new position in shares of Zuora Inc (NYSE:ZUO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,693 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds also recently modified their holdings of ZUO. FMR LLC lifted its position in shares of Zuora by 42,732,400.0% during the second quarter. FMR LLC now owns 1,709,300 shares of the company’s stock worth $21,794,000 after purchasing an additional 1,709,296 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Zuora by 20.2% during the second quarter. Vanguard Group Inc. now owns 8,825,988 shares of the company’s stock worth $112,530,000 after purchasing an additional 1,480,869 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Zuora by 128.2% during the second quarter. First Trust Advisors LP now owns 2,501,000 shares of the company’s stock worth $31,888,000 after purchasing an additional 1,405,100 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Zuora by 197.4% during the second quarter. Frontier Capital Management Co. LLC now owns 1,374,256 shares of the company’s stock worth $17,522,000 after purchasing an additional 912,185 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Zuora by 869.2% during the second quarter. UBS Group AG now owns 892,417 shares of the company’s stock worth $11,378,000 after purchasing an additional 800,337 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

In related news, CRO Robert J. Traube sold 6,815 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $10.96, for a total value of $74,692.40. Following the completion of the transaction, the executive now owns 23,596 shares of the company’s stock, valued at approximately $258,612.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Robert J. Traube sold 10,969 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $10.31, for a total transaction of $113,090.39. Following the completion of the transaction, the executive now directly owns 35,130 shares of the company’s stock, valued at approximately $362,190.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,982 shares of company stock worth $210,444. 26.02% of the stock is currently owned by company insiders.

Shares of NYSE ZUO traded down $0.20 during mid-day trading on Monday, reaching $10.61. 7,864 shares of the company traded hands, compared to its average volume of 1,747,967. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $1.28 billion, a PE ratio of -15.67 and a beta of 2.20. Zuora Inc has a fifty-two week low of $6.21 and a fifty-two week high of $17.79. The stock has a fifty day simple moving average of $10.34 and a 200-day simple moving average of $11.33.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.09). The business had revenue of $74.99 million during the quarter, compared to analyst estimates of $73.47 million. Zuora had a negative return on equity of 47.35% and a negative net margin of 27.34%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. As a group, analysts predict that Zuora Inc will post -0.67 EPS for the current fiscal year.

Separately, Goldman Sachs Group raised their target price on shares of Zuora from $10.00 to $11.00 in a report on Monday, June 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.38.

Zuora Profile

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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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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