Insider Selling: Zillow CEO Sells 10,000 Shares of Stock (Z)
Zillow (NASDAQ:Z) CEO Spencer Rascoff sold 10,000 shares of Zillow stock on the open market in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $89.93, for a total transaction of $899,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Zillow from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $89.60 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Zillow from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $100.00 price target on the stock, up previously from $90.00. They noted that the move was a valuation call. Finally, analysts at SunTrust initiated coverage on shares of Zillow in a research note to investors on Tuesday, December 17th. They set a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Zillow has a consensus rating of “Buy” and a consensus price target of $91.69.
Shares of Zillow (NASDAQ:Z) traded down 2.39% on Thursday, hitting $87.06. The stock had a trading volume of 956,450 shares. Zillow has a one year low of $31.26 and a one year high of $103.00. The stock’s 50-day moving average is $78.20 and its 200-day moving average is $80.32. The company’s market cap is $3.391 billion.
Zillow (NASDAQ:Z) last released its earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.03. The company had revenue of $53.30 million for the quarter, compared to the consensus estimate of $51.35 million. During the same quarter last year, the company posted $0.07 earnings per share. Zillow’s revenue was up 67.1% compared to the same quarter last year. On average, analysts predict that Zillow will post $0.04 earnings per share for the current fiscal year.
Zillow, Inc (NASDAQ:Z) is a real estate and home-related information marketplaces.
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