Frontier Capital Management Co. LLC increased its position in Zuora Inc (NYSE:ZUO) by 347.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 550,663 shares of the company’s stock after buying an additional 427,730 shares during the period. Frontier Capital Management Co. LLC owned about 0.51% of Zuora worth $12,726,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ZUO. Cornerstone Wealth Management LLC acquired a new position in shares of Zuora in the second quarter valued at approximately $335,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Zuora in the second quarter valued at approximately $21,901,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Zuora in the second quarter valued at approximately $2,265,000. First Trust Advisors LP purchased a new stake in Zuora in the second quarter valued at approximately $2,557,000. Finally, Engineers Gate Manager LP purchased a new stake in Zuora in the second quarter valued at approximately $2,347,000. 11.55% of the stock is owned by institutional investors and hedge funds.
Zuora stock opened at $20.78 on Friday. Zuora Inc has a 1 year low of $17.72 and a 1 year high of $37.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.03 and a quick ratio of 2.03.
In other Zuora news, President Marc Diouane sold 34,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $25.90, for a total transaction of $885,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tyler Sloat sold 344,009 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $25.81, for a total transaction of $8,878,872.29. 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.
A number of equities research analysts recently issued reports on ZUO shares. Zacks Investment Research upgraded shares of Zuora from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Sunday, July 8th. Morgan Stanley lowered their target price on shares of Zuora from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. FBN Securities started coverage on shares of Zuora in a report on Tuesday, October 16th. They issued an “outperform” rating for the company. Canaccord Genuity boosted their target price on shares of Zuora from $26.00 to $28.00 and gave the company a “hold” rating in a report on Friday, August 31st. Finally, Jefferies Financial Group boosted their target price on shares of Zuora to $35.00 and gave the company a “buy” rating in a report on Friday, August 31st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.83.
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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