American International Group Inc. Raises Stake in Zuora, Inc. (NYSE:ZUO)

American International Group Inc. raised its position in Zuora, Inc. (NYSE:ZUO) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,175 shares of the company’s stock after acquiring an additional 1,768 shares during the quarter. American International Group Inc.’s holdings in Zuora were worth $891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ZUO. Marshall Wace North America L.P. purchased a new position in Zuora in the first quarter worth approximately $62,000. US Bancorp DE raised its holdings in Zuora by 257.7% during the fourth quarter. US Bancorp DE now owns 98,676 shares of the company’s stock worth $1,374,000 after purchasing an additional 71,086 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Zuora during the fourth quarter worth approximately $228,000. Horrell Capital Management Inc. raised its holdings in Zuora by 218.8% during the fourth quarter. Horrell Capital Management Inc. now owns 255,000 shares of the company’s stock worth $3,552,000 after purchasing an additional 175,000 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Zuora by 13.7% during the fourth quarter. Aperio Group LLC now owns 34,716 shares of the company’s stock worth $484,000 after purchasing an additional 4,192 shares in the last quarter. Institutional investors own 60.80% of the company’s stock.

In related news, SVP Jennifer Pileggi sold 16,668 shares of Zuora stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $14.72, for a total value of $245,352.96. Following the transaction, the senior vice president now directly owns 36,763 shares in the company, valued at approximately $541,151.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Robert J. Traube sold 4,380 shares of Zuora stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $15.12, for a total transaction of $66,225.60. Over the last quarter, insiders sold 81,168 shares of company stock worth $1,294,807. 12.58% of the stock is currently owned by insiders.

Shares of Zuora stock opened at $15.11 on Friday. The firm has a fifty day simple moving average of $15.65. The firm has a market cap of $1.83 billion, a PE ratio of -24.37 and a beta of 2.16. Zuora, Inc. has a 12 month low of $9.15 and a 12 month high of $17.95. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.01.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Tuesday, May 25th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Zuora had a negative net margin of 23.96% and a negative return on equity of 41.49%. The firm had revenue of $80.33 million for the quarter, compared to analyst estimates of $79.00 million. On average, equities analysts expect that Zuora, Inc. will post -0.6 EPS for the current year.

A number of research firms have weighed in on ZUO. Zacks Investment Research raised shares of Zuora from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday. Canaccord Genuity raised their price objective on shares of Zuora from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, April 13th. Jefferies Financial Group lifted their target price on shares of Zuora from $13.00 to $17.00 in a report on Wednesday, February 24th. Berenberg Bank began coverage on shares of Zuora in a report on Thursday, April 8th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zuora in a report on Tuesday, April 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.58.

Zuora Profile

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 intelligent subscription management hub that allows customers to order-to-revenue operations.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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