Zillow (Z) Announces Quarterly Results
Zillow (NASDAQ:Z) issued its quarterly earnings data on Wednesday. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.10, American Banking News reports. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $63.21 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 69.7% on a year-over-year basis.
In other Zillow news, CRO Greg Schwartz sold 1,059 shares of Zillow stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $93.36, for a total value of $98,868.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on Z shares. Analysts at CRT Capital downgraded shares of Zillow from a “buy” rating to a “fair value” rating in a research note on Tuesday, April 22nd. They now have a $96.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at Susquehanna initiated coverage on shares of Zillow in a research note on Thursday, April 10th. They set a “positive” rating and a $115.00 price target on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Zillow currently has an average rating of “Buy” and a consensus price target of $97.35.
Zillow (NASDAQ:Z) traded down 9.03% on Wednesday, hitting $93.63. The stock had a trading volume of 5,779,254 shares. Zillow has a 52 week low of $48.54 and a 52 week high of $111.35. The stock has a 50-day moving average of $95.59 and a 200-day moving average of $84.94. The company’s market cap is $3.668 billion.
Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.
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