Zillow Short Interest Up 20.4% in April (Z)
Shares of Zillow (NASDAQ:Z) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 10,505,020 shares, an increase of 20.4% from the April 15th total of 8,721,680 shares, Analyst Ratings.Net reports. Based on an average daily volume of 2,519,237 shares, the short-interest ratio is currently 4.2 days. Approximately 38.5% of the company’s shares are short sold.
In other Zillow news, CEO Spencer Rascoff sold 75,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $100.40, for a total value of $7,530,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. raised their price target on shares of Zillow from $105.00 to $116.00 in a research note on Friday, May 9th. Separately, analysts at Canaccord Genuity raised their price target on shares of Zillow from $110.00 to $115.00 in a research note on Friday, May 9th. Finally, analysts at Pacific Crest raised their price target on shares of Zillow from $105.00 to $115.00 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Zillow currently has a consensus rating of “Buy” and an average price target of $105.04.
Shares of Zillow (NASDAQ:Z) opened at 98.70 on Thursday. 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 $95.9 and a 200-day moving average of $85.68. The company’s market cap is $3.900 billion.
Zillow (NASDAQ:Z) last released its earnings data on Wednesday, May 7th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters 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 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. On average, analysts predict that Zillow will post $0.29 earnings per share for the current fiscal year.
Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.
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