First Trust Advisors LP Has $2.04 Million Position in Zuora Inc (ZUO)

First Trust Advisors LP cut its stake in Zuora Inc (NYSE:ZUO) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,438 shares of the company’s stock after selling 5,586 shares during the quarter. First Trust Advisors LP’s holdings in Zuora were worth $2,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ZUO. Flagship Harbor Advisors LLC bought a new stake in Zuora in the second quarter worth $133,000. Tower Research Capital LLC TRC bought a new stake in Zuora in the second quarter worth $147,000. Cubist Systematic Strategies LLC bought a new stake in Zuora in the second quarter worth $308,000. Cornerstone Wealth Management LLC bought a new stake in Zuora in the second quarter worth $335,000. Finally, Raymond James & Associates bought a new stake in Zuora in the second quarter worth $546,000. Institutional investors own 13.59% of the company’s stock.

NYSE:ZUO opened at $19.03 on Monday. Zuora Inc has a twelve month low of $16.00 and a twelve month high of $37.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.03 and a current ratio of 2.03.

Zuora (NYSE:ZUO) last released its earnings results on Thursday, November 29th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $61.60 million during the quarter, compared to analyst estimates of $58.96 million. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. As a group, equities research analysts forecast that Zuora Inc will post -0.78 EPS for the current year.

ZUO has been the subject of several research analyst reports. Needham & Company LLC decreased their target price on Zuora from $38.00 to $27.00 and set a “buy” rating for the company in a research report on Friday. Canaccord Genuity lifted their target price on Zuora from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, August 31st. Morgan Stanley lifted their target price on Zuora from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 31st. FBN Securities initiated coverage on Zuora in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Finally, Jefferies Financial Group lifted their target price on Zuora to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.00.

In other news, SVP Jennifer Pileggi sold 10,000 shares of Zuora stock in a transaction on Monday, October 8th. The stock was sold at an average price of $20.38, for a total transaction of $203,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michelangelo Volpi sold 28,780 shares of Zuora stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $26.30, for a total value of $756,914.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 579,238 shares of company stock valued at $14,222,367.

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Zuora Company 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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