Zillow Receives Consensus Rating of “Buy” from Analysts (NASDAQ:Z)
Zillow (NASDAQ:Z) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, Analyst Ratings Network.com reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $95.79.
A number of analysts have recently weighed in on Z shares. Analysts at Telsey Advisory Group raised their price target on shares of Zillow from $85.00 to $95.00 in a research note on Tuesday, March 25th. They now have a “not rated” rating on the stock. Separately, analysts at Morgan Stanley upgraded shares of Zillow from an “underweight” rating to an “equal weight” rating in a research note on Monday, February 24th. They now have a $80.00 price target on the stock, up previously from $77.00. Finally, analysts at Zacks downgraded shares of Zillow from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 19th. They now have a $92.50 price target on the stock.
In other Zillow news, CEO Spencer Rascoff sold 10,000 shares of Zillow stock on the open market in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $91.05, for a total transaction of $910,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Zillow (NASDAQ:Z) traded down 1.28% during mid-day trading on Tuesday, hitting $87.93. 612,357 shares of the company’s stock traded hands. Zillow has a 52-week low of $48.54 and a 52-week high of $103.00. The stock’s 50-day moving average is $87.1 and its 200-day moving average is $82.94. The company’s market cap is $3.444 billion.
Zillow (NASDAQ:Z) last released its earnings data on Wednesday, February 12th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. Analysts expect that Zillow will post $0.06 EPS for the current fiscal year.
Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.
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