Cubist Systematic Strategies LLC Invests $1.32 Million in Zuora, Inc. (NYSE:ZUO)

Cubist Systematic Strategies LLC acquired a new position in Zuora, Inc. (NYSE:ZUO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 132,806 shares of the company’s stock, valued at approximately $1,319,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its position in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares during the last quarter. Quent Capital LLC acquired a new stake in Zuora during the first quarter worth about $83,000. Canada Pension Plan Investment Board bought a new position in Zuora during the second quarter valued at about $85,000. Williams Financial LLC acquired a new position in Zuora in the 2nd quarter valued at approximately $119,000. Finally, Principal Financial Group Inc. lifted its position in shares of Zuora by 18.6% in the 1st quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after acquiring an additional 2,851 shares during the period. Institutional investors own 83.02% of the company’s stock.

Wall Street Analysts Forecast Growth

ZUO has been the topic of a number of research reports. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and lowered their price target for the company from $12.00 to $10.00 in a report on Monday, July 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of Zuora in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.86.

Insider Transactions at Zuora

In related news, insider Andrew M. Cohen sold 3,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $8.71, for a total transaction of $33,629.31. Following the completion of the sale, the insider now directly owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zuora news, insider Andrew M. Cohen sold 3,861 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total transaction of $33,629.31. Following the sale, the insider now owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tien Tzuo sold 114,825 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the completion of the transaction, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at $57,485.60. The disclosure for this sale can be found here. Insiders have sold 301,833 shares of company stock valued at $2,719,755 in the last three months. 8.62% of the stock is owned by corporate insiders.

Zuora Stock Performance

Zuora stock opened at $8.38 on Wednesday. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a fifty day moving average price of $8.73 and a two-hundred day moving average price of $9.22. The firm has a market capitalization of $1.22 billion, a P/E ratio of -19.49 and a beta of 1.72.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The firm had revenue of $115.40 million during the quarter, compared to the consensus estimate of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted ($0.12) EPS. As a group, analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current fiscal year.

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.