Zillow Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:Z)
Zillow (NASDAQ:Z) has received an average rating of “Hold” from the sixteen analysts that are covering the company, StockRatingsNetwork reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $136.93.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Zillow in a research note on Wednesday, August 6th. They now have a $115.00 price target on the stock, up previously from $78.00. Separately, analysts at Benchmark Co. raised their price target on shares of Zillow from $185.00 to $190.00 in a research note on Wednesday, August 6th. Finally, analysts at JMP Securities raised their price target on shares of Zillow from $150.00 to $155.00 in a research note on Wednesday, August 6th.
Shares of Zillow (NASDAQ:Z) traded down 1.97% during mid-day trading on Tuesday, hitting $133.10. 261,264 shares of the company’s stock traded hands. Zillow has a 1-year low of $70.28 and a 1-year high of $164.90. The stock’s 50-day moving average is $137. and its 200-day moving average is $107.5. The company’s market cap is $5.340 billion.
Zillow (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.01. The company had revenue of $78.68 million for the quarter, compared to the consensus estimate of $76.52 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 67.7% on a year-over-year basis. Analysts expect that Zillow will post $0.38 EPS for the current fiscal year.
In other Zillow news, CTO David A. Beitel sold 13,345 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $138.67, for a total transaction of $1,850,551.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Zillow, Inc (NASDAQ:Z), provides real estate and home-related information.
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