R Squared Ltd Makes New Investment in Zuora, Inc. (NYSE:ZUO)

R Squared Ltd bought a new position in shares of Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,350 shares of the company’s stock, valued at approximately $182,000.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Zuora by 52.5% in the third quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock valued at $9,711,000 after buying an additional 387,876 shares during the period. 272 Capital LP lifted its position in shares of Zuora by 28.1% during the 3rd quarter. 272 Capital LP now owns 493,527 shares of the company’s stock valued at $4,254,000 after acquiring an additional 108,201 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Zuora during the 3rd quarter worth $493,000. FMR LLC increased its position in shares of Zuora by 38.4% in the third quarter. FMR LLC now owns 246,499 shares of the company’s stock worth $2,125,000 after purchasing an additional 68,338 shares during the period. Finally, BDF Gestion raised its stake in Zuora by 34.8% in the third quarter. BDF Gestion now owns 465,000 shares of the company’s stock valued at $4,008,000 after purchasing an additional 120,000 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ZUO shares. Needham & Company LLC reissued a “hold” rating and issued a $15.00 target price on shares of Zuora in a report on Monday, October 21st. Lake Street Capital reissued a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.33.

Insider Activity at Zuora

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $28,876.44. Following the completion of the transaction, the chief accounting officer now directly owns 83,958 shares in the company, valued at approximately $833,702.94. This trade represents a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Hirsch sold 25,664 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $254,843.52. Following the sale, the insider now owns 43,615 shares in the company, valued at approximately $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 207,868 shares of company stock valued at $2,064,908 in the last quarter. Insiders own 8.62% of the company’s stock.

Zuora Stock Performance

ZUO stock opened at $10.02 on Thursday. 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 moving average price of $9.94 and a 200-day moving average price of $9.39. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85.

Zuora Company 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.