Zillow Sees Significant Decline in Short Interest (Z)
Zillow (NASDAQ:Z) saw a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 8,797,064 shares, a drop of 8.8% from the May 30th total of 9,646,467 shares, Stock Ratings Network reports. Approximately 30.7% of the company’s shares are sold short. Based on an average daily volume of 1,305,911 shares, the short-interest ratio is currently 6.7 days.
In other Zillow news, CRO Greg M. Schwartz sold 1,059 shares of Zillow stock on the open market in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $136.16, for a total value of $144,193.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on Z. 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $110.46.
Zillow (NASDAQ:Z) opened at 142.93 on Tuesday. Zillow has a one year low of $54.38 and a one year high of $145.49. The stock has a 50-day moving average of $120.7 and a 200-day moving average of $96.41. The company’s market cap is $5.648 billion.
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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