The Vanguard Group, Inc. has recently announced that it has increased stake in Zuora Inc. (NYSE:ZUO) by 4.01%. After grabbing 12.87 million shares, the institutional investor is now in possession of 0.5 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.10% having worth around $100.24 million. Moreover, BlackRock Fund Advisors increased its share by 6776.0 to have a control over 8.13 million shares. And Praesidium Investment Management raised its holdings to 2.33 million shares by acquiring 7.23 million shares or 5.68% of the stake.
Zuora Inc. (ZUO) concluded trading on 05/25/23 at a closing price of $10.20, with 4.63 million shares of worth about $47.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.55% during that period and on Thursday the price saw a gain of about 19.86%. Currently the company’s common shares owned by public are about 134.38M shares, out of which, 122.75M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the ZUO stock and their offered price forecasts bring an average price target of $13.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $10.00. The stock’s current price level is 19.75% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.0% for the stock. However, touching the estimated high of $17.00 would mean a gain of 40.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 84 times over the past 12 months. They bought 902,749 shares in 54 of the transactions. In 30 selling transactions, insiders dumped 483,446 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and John Hancock Small Cap Core Fund are the top 3 mutual funds which are holding stakes in Zuora Inc. Vanguard Total Stock Market ETF is currently holding 3.85 million shares of worth totaling $29.96 million. The company recently came buying 0.0 shares which brought its stake up to 3.02% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold 804.0 shares, after which its hold over company’s outstanding shares shrunk to 2.58%, leaving 3.29 million shares with the mutual fund that have a worth of about $25.6 million. John Hancock Small Cap Core Fund, after buying 3.16 million shares, have now control over 2.48% of the stake in the company. It holds 0.0 shares of worth $24.62 million.
Zuora Inc. (NYSE: ZUO) started trading at $10.00, above $1.49 from concluding price of the previous day. However, the stock later moved at a day high price of 10.52, or with a gain of 19.86%. Stock saw a price change of 19.16% in past 5 days and over the past one month there was a price change of 27.66%. Year-to-date (YTD), ZUO shares are showing a performance of 60.38% which increased to 12.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.45 but also hit the highest price of $10.62 during that period. The average intraday trading volume for Zuora Inc. shares is 863.86K. The stock is currently trading 28.00% above its 20-day simple moving average (SMA20), while that difference is up 18.37% for SMA50 and it goes to 28.13% higher than SMA200.
The Vanguard Group, Inc. acquired 12.87 million shares of Zuora Inc. having value of about $100.24 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.5 million shares in the company valued at close to $5058241.2, or have control over 4.01% stake in the company. Zuora Inc. (NYSE: ZUO) currently have 134.38M outstanding shares and institutions hold larger chunk of about 75.00% of that. Holding of mutual funds in the company is about 40.96% while other institutional holders and individual stake holders have control over 8.15% and 38.34% of the stake respectively.
The stock has a current market capitalization of $1.41B and its 3Y-monthly beta is at 1.80. It has posted earnings per share of -$1.49 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 2.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZUO, volatility over the week remained 5.07% while standing at 3.60% over the month.
Analysts are in expectations that Zuora Inc. (ZUO) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -88.20% while it is estimated to increase by 143.04% in next year.
Analysts at 7 brokerage firms have issued recommendations for the Zuora Inc. (ZUO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 7 Wall Street analysts, 5 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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