Insider Selling: Zillow CEO Unloads 50,000 Shares of Stock (Z)
Zillow (NASDAQ:Z) CEO Spencer M. Rascoff unloaded 50,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $109.92, for a total value of $5,496,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Zillow (NASDAQ:Z) traded down 3.19% during mid-day trading on Tuesday, hitting $107.00. 1,696,700 shares of the company’s stock traded hands. Zillow has a one year low of $48.54 and a one year high of $112.39. The stock’s 50-day moving average is $97.6 and its 200-day moving average is $86.25. The company’s market cap is $4.228 billion.
Zillow (NASDAQ:Z) last posted its quarterly earnings results 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. Analysts expect that Zillow will post $0.29 EPS for the current fiscal year.
Z has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $105.04.
Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.