Zillow Receives Average Rating of “Hold” from Analysts (NASDAQ:Z)
Shares of Zillow (NASDAQ:Z) have received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the company, Analyst Ratings.Net reports. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $110.46.
In other Zillow news, CFO Chad M. Cohen sold 3,744 shares of the company’s stock on the open market in a transaction that occurred on 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 legal filing with the SEC, which is available at this link.
Z has been the subject of a number of recent research reports. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Zillow in a research note on Wednesday, June 25th. They now have a $150.00 price target on the stock, up previously from $114.00. Separately, analysts at Oppenheimer initiated coverage on shares of Zillow in a research note on Thursday, June 19th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Citigroup Inc. reiterated a “positive” rating on shares of Zillow in a research note on Monday, June 16th. They now have a $130.00 price target on the stock, up previously from $115.00.
Zillow (NASDAQ:Z) traded up 3.24% on Monday, hitting $143.3701. 506,872 shares of the company’s stock traded hands. Zillow has a 1-year low of $54.38 and a 1-year high of $141.17. The stock has a 50-day moving average of $119.4 and a 200-day moving average of $95.58. The company’s market cap is $5.665 billion. Zillow also was the target of a large decrease in short interest during the month of June. As of June 13th, there was short interest totalling 8,797,064 shares, a decrease of 8.8% from the May 30th total of 9,646,467 shares. Approximately 30.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,305,911 shares, the short-interest ratio is presently 6.7 days.
Zillow (NASDAQ:Z) last announced its earnings results 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. 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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