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

Zacks Investment Management lessened its stake in Zuora, Inc. (NYSE:ZUO) by 96.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,605 shares of the company’s stock after selling 300,195 shares during the period. Zacks Investment Management’s holdings in Zuora were worth $105,000 at the end of the most recent reporting period.

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

Zuora Price Performance

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

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.