Peregrine Capital Management LLC Has $5.94 Million Position in Zuora, Inc. (NYSE:ZUO)

Peregrine Capital Management LLC lifted its position in Zuora, Inc. (NYSE:ZUO) by 1.3% during the 2nd quarter, Holdings Channel reports. The firm owned 597,788 shares of the company’s stock after buying an additional 7,660 shares during the quarter. Peregrine Capital Management LLC’s holdings in Zuora were worth $5,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZUO. CWM LLC raised its position in shares of Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after acquiring an additional 1,590 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Zuora during the first quarter worth approximately $83,000. Williams Financial LLC acquired a new stake in Zuora during the 2nd quarter worth $119,000. Victory Capital Management Inc. raised its position in shares of Zuora by 25.5% in the 4th quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after acquiring an additional 3,582 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after purchasing an additional 2,851 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Buying and Selling at Zuora

In other Zuora news, CEO Tien Tzuo sold 70,833 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $9.73, for a total value of $689,205.09. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $61,804.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CRO Robert J. Traube sold 21,949 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total value of $191,395.28. Following the completion of the sale, the executive now owns 53,804 shares in the company, valued at approximately $469,170.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tien Tzuo sold 70,833 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $9.73, for a total transaction of $689,205.09. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $61,804.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,666 shares of company stock valued at $3,408,961. 8.62% of the stock is currently owned by company insiders.

Zuora Price Performance

ZUO traded down $0.12 on Friday, reaching $8.79. The stock had a trading volume of 915,605 shares, compared to its average volume of 1,390,393. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -20.44 and a beta of 1.71. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $10.85. The firm has a 50-day moving average of $9.02 and a 200-day moving average of $9.20.

Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative return on equity of 13.94% and a negative net margin of 10.60%. The firm had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ZUO shares. Lake Street Capital increased their price target on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird lifted their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Finally, Craig Hallum lowered Zuora from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $10.00 in a report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.86.

Zuora Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.