Zuora Inc (NYSE:ZUO) Shares Acquired by Potrero Capital Research LLC

Potrero Capital Research LLC lifted its stake in shares of Zuora Inc (NYSE:ZUO) by 589.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,818 shares of the company’s stock after buying an additional 237,517 shares during the quarter. Zuora makes up about 2.4% of Potrero Capital Research LLC’s investment portfolio, making the stock its 16th largest holding. Potrero Capital Research LLC owned approximately 0.25% of Zuora worth $4,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in shares of Zuora by 73.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock worth $30,000 after buying an additional 645 shares in the last quarter. Baldwin Brothers Inc. MA bought a new stake in Zuora in the second quarter worth about $38,000. Oppenheimer Asset Management Inc. raised its holdings in Zuora by 90.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,763 shares of the company’s stock worth $42,000 after buying an additional 1,311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Zuora during the 2nd quarter worth about $49,000. Finally, LLBH Private Wealth Management LLC acquired a new stake in Zuora during the 2nd quarter worth about $57,000. 51.67% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on ZUO. Jefferies Financial Group lowered their target price on Zuora from $35.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Morgan Stanley reduced their target price on Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Needham & Company LLC set a $18.00 target price on Zuora and gave the stock a “buy” rating in a report on Thursday, August 29th. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Finally, Canaccord Genuity reduced their target price on Zuora from $28.00 to $18.00 and set a “buy” rating for the company in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $20.17.

In other news, SVP Jennifer Pileggi sold 10,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $16.02, for a total transaction of $160,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelangelo Volpi sold 38,377 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.82, for a total value of $607,124.14. Insiders have sold 59,385 shares of company stock worth $933,325 in the last 90 days. Company insiders own 26.02% of the company’s stock.

NYSE:ZUO traded down $0.01 during trading hours on Friday, reaching $15.75. The company had a trading volume of 13,937 shares, compared to its average volume of 1,399,806. The stock has a 50-day moving average of $14.57 and a two-hundred day moving average of $17.83. Zuora Inc has a one year low of $13.04 and a one year high of $24.65. The firm has a market capitalization of $1.74 billion, a PE ratio of -19.23 and a beta of 1.92. The company has a quick ratio of 1.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.05.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The company had revenue of $69.70 million during the quarter, compared to the consensus estimate of $66.87 million. Zuora had a negative net margin of 30.81% and a negative return on equity of 47.64%. The business’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.13) earnings per share. As a group, sell-side analysts expect that Zuora Inc will post -0.72 earnings per share for the current year.

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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