Zillow Price Target Raised to $116.00 at Benchmark Co. (Z)
Research analysts at Benchmark Co. boosted their price target on shares of Zillow (NASDAQ:Z) from $105.00 to $116.00 in a report released on Friday, Analyst Ratings.Net reports. Benchmark Co.’s price objective points to a potential upside of 18.89% from the stock’s previous close.
Shares of Zillow (NASDAQ:Z) traded up 0.18% during mid-day trading on Friday, hitting $97.57. 1,875,980 shares of the company’s stock traded hands. Zillow has a 52-week low of $48.54 and a 52-week high of $111.35. The stock’s 50-day moving average is $95.64 and its 200-day moving average is $85.21. The company’s market cap is $3.822 billion. Zillow also was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 10,505,020 shares, a growth of 20.4% from the April 15th total of 8,721,680 shares. Currently, 38.5% of the shares of the stock are short sold. Based on an average trading volume of 2,519,237 shares, the days-to-cover ratio is currently 4.2 days.
Zillow (NASDAQ:Z) last released its earnings data on Wednesday, May 7th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.10. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $63.21 million. During the same quarter last year, the company posted ($0.11) earnings per share. Zillow’s revenue was up 69.7% compared to the same quarter last year. Analysts expect that Zillow will post $0.10 EPS for the current fiscal year.
In other Zillow news, CEO Spencer M. Rascoff sold 10,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $98.13, for a total value of $981,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Zillow from $110.00 to $115.00 in a research note on Friday. Separately, analysts at Pacific Crest raised their price target on shares of Zillow from $105.00 to $115.00 in a research note on Friday. Finally, analysts at Goldman Sachs raised their price target on shares of Zillow from $76.00 to $105.00 in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $105.04.
Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.
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