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Oppenheimer initiated coverage on shares of Zillow (NASDAQ:Z) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock. The analysts noted that the move was a valuation call.

Shares of Zillow (NASDAQ:Z) opened at 131.05 on Thursday. Zillow has a 1-year low of $52.00 and a 1-year high of $132.63. The stock has a 50-day moving average of $113.6 and a 200-day moving average of $92.84. The company’s market cap is $5.178 billion.

Zillow (NASDAQ:Z) last issued its quarterly 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 $0.29 EPS for the current fiscal year.

Z has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “positive” rating on shares of Zillow in a research note on Monday. They now have a $130.00 price target on the stock, up previously from $115.00. Separately, analysts at Canaccord Genuity raised their price target on shares of Zillow from $115.00 to $130.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at SunTrust downgraded shares of Zillow from a “buy” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $110.00 price target on the stock. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zillow has an average rating of “Hold” and an average price target of $107.89.

In other Zillow news, CFO Chad M. Cohen sold 3,744 shares of Zillow stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $131.19, for a total transaction of $491,175.36. The transaction was disclosed in a filing with the SEC, which is available at this link.

Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.

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