Zulily Director Unloads $1,841,000 in Stock (ZU)
Zulily (NYSE:ZU) Director W Eric Carlborg sold 50,000 shares of Zulily stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.82, for a total value of $1,841,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Zulily in a research note on Thursday, August 7th. They now have a $38.00 price target on the stock, down previously from $41.00. Separately, analysts at RBC Capital upgraded shares of Zulily from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Goldman Sachs upgraded shares of Zulily from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $42.00.
Zulily (NYSE:ZU) traded down 0.25% during mid-day trading on Friday, hitting $36.61. 841,562 shares of the company’s stock traded hands. Zulily has a 52-week low of $28.75 and a 52-week high of $73.50. The stock’s 50-day moving average is $36.66 and its 200-day moving average is $42.75. The company has a market cap of $4.572 billion and a price-to-earnings ratio of 476.62.
Zulily (NYSE:ZU) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $272.04 million. The company’s revenue for the quarter was up 96.6% on a year-over-year basis. On average, analysts predict that Zulily will post $0.17 earnings per share for the current fiscal year.
Zulily, Inc is an e-commerce company. The Company, through its desktop and mobile Websites and mobile applications, which it refers to as its sites, helps its customers discover new and unique products.
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