Zacks Investment Management Sells 300,195 Shares of Zuora, Inc. (NYSE:ZUO)

Zacks Investment Management reduced its holdings in Zuora, Inc. (NYSE:ZUO) by 96.6% during the 4th quarter, Holdings Channel reports. The fund owned 10,605 shares of the company’s stock after selling 300,195 shares during the quarter. Zacks Investment Management’s holdings in Zuora were worth $105,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vestcor Inc bought a new position in Zuora in the 4th quarter valued at $40,000. SBI Securities Co. Ltd. bought a new stake in Zuora during the 4th quarter worth about $41,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Zuora in the 4th quarter valued at about $102,000. American Century Companies Inc. bought a new position in shares of Zuora in the fourth quarter worth about $120,000. Finally, Cibc World Markets Corp acquired a new position in shares of Zuora during the fourth quarter worth approximately $130,000. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

Shares of Zuora stock opened at $10.02 on Monday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $9.90. Zuora, Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $10.85. The firm has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67.

About Zuora

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.