Zacks Downgrades Zillow to Neutral (Z)
Zillow (NASDAQ:Z) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, Analyst Ratings Network reports. They currently have a $92.50 target price on the stock. Zacks‘ target price would suggest a potential upside of 10.77% from the company’s current price.
In other Zillow news, CEO Spencer Rascoff sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $80.18, for a total value of $801,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on Z. Analysts at Canaccord Genuity raised their price target on shares of Zillow from $95.00 to $110.00 in a research note on Thursday, February 13th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Zillow to $75.00 in a research note on Thursday, February 13th. Finally, analysts at Pacific Crest raised their price target on shares of Zillow from $100.00 to $105.00 in a research note on Thursday, February 13th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $94.13.
Zillow (NASDAQ:Z) traded down 1.62% on Wednesday, hitting $82.16. The stock had a trading volume of 526,668 shares. Zillow has a 1-year low of $38.65 and a 1-year high of $103.00. The stock’s 50-day moving average is $84.49 and its 200-day moving average is $84.19. The company’s market cap is $3.208 billion.
Zillow (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.12. The company had revenue of $58.03 million for the quarter, compared to the consensus estimate of $56.16 million. During the same quarter last year, the company posted $0.02 earnings per share. Zillow’s revenue was up 69.2% compared to the same quarter last year. On average, analysts predict that Zillow will post $0.06 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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