Zulily Sees Unusually High Options Volume (ZU)
Shares of Zulily (NYSE:ZU) were the target of unusually large options trading on Thursday. Stock investors acquired 3,593 call options on the stock, AmericanBankingNews.com reports. This represents an increase of 109% compared to the typical volume of 1,722 call options.
In other Zulily news, Director W Eric Carlborg sold 50,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.82, for a total transaction of $1,841,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ZU shares. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.00.
Zulily (NYSE:ZU) traded down 2.46% on Thursday, hitting $32.96. 1,331,604 shares of the company’s stock traded hands. Zulily has a one year low of $28.75 and a one year high of $73.50. The stock has a 50-day moving average of $35.94 and a 200-day moving average of $42.53. The company has a market cap of $4.116 billion and a P/E ratio of 438.83.
Zulily (NYSE:ZU) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 96.6% on a year-over-year basis. Analysts expect that Zulily will post $0.17 EPS 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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