Washington Capital Management Inc. Takes Position in Zuora Inc (NYSE:ZUO)

Washington Capital Management Inc. bought a new stake in Zuora Inc (NYSE:ZUO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,000 shares of the company’s stock, valued at approximately $230,000.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in Zuora in the first quarter valued at $29,000. BNP Paribas Arbitrage SA boosted its holdings in Zuora by 73.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock valued at $30,000 after purchasing an additional 645 shares during the period. Baldwin Brothers Inc. MA purchased a new position in Zuora in the second quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Zuora in the second quarter valued at $49,000. Finally, Advisory Services Network LLC boosted its holdings in Zuora by 77.4% in the first quarter. Advisory Services Network LLC now owns 2,980 shares of the company’s stock valued at $60,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 44.69% of the company’s stock.

In other news, Director Jason Pressman sold 11,008 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $15.35, for a total value of $168,972.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $16.02, for a total value of $160,200.00. The disclosure for this sale can be found here. Insiders sold a total of 31,008 shares of company stock valued at $489,273 over the last three months. Company insiders own 26.02% of the company’s stock.

NYSE ZUO traded down $0.10 during trading on Friday, reaching $14.19. 1,077,111 shares of the company’s stock were exchanged, compared to its average volume of 1,047,887. The stock has a market cap of $1.59 billion, a P/E ratio of -17.30 and a beta of 1.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.91 and a current ratio of 1.91. The company has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $18.80. Zuora Inc has a 1 year low of $13.04 and a 1 year high of $35.68.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.01). The business had revenue of $64.11 million for the quarter, compared to analysts’ expectations of $64.13 million. Zuora had a negative return on equity of 47.50% and a negative net margin of 31.80%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the firm earned ($0.29) earnings per share. Research analysts forecast that Zuora Inc will post -0.6 EPS for the current fiscal year.

ZUO has been the subject of a number of recent research reports. Canaccord Genuity decreased 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. Needham & Company LLC downgraded Zuora from a “strong-buy” rating to a “buy” rating and set a $13.55 price target for the company. in a report on Friday, May 31st. Jefferies Financial Group decreased their price target on Zuora from $35.00 to $29.00 and set a “buy” rating for the company in a report on Friday, May 31st. Morgan Stanley decreased their price target on Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Finally, Zacks Investment Research downgraded Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $19.43.

Zuora 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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