Zillow Now Covered by Macquarie (Z)
Stock analysts at Macquarie assumed coverage on shares of Zillow (NASDAQ:Z) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
In other Zillow news, CRO Greg M. Schwartz sold 1,059 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $136.16, for a total transaction of $144,193.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Zillow presently has a consensus rating of “Hold” and a consensus price target of $110.46.
Shares of Zillow (NASDAQ:Z) traded down 3.73% during mid-day trading on Tuesday, hitting $130.30. The stock had a trading volume of 2,179,491 shares. Zillow has a 52-week low of $60.07 and a 52-week high of $145.49. The stock has a 50-day moving average of $126. and a 200-day moving average of $98.76. The company’s market cap is $5.149 billion.
Zillow (NASDAQ:Z) last announced its earnings results on Wednesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 69.7% on a year-over-year basis. Analysts expect that Zillow will post $0.29 EPS for the current fiscal year.
Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.
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