Zillow CEO Spencer M. Rascoff Sells 50,000 Shares (Z)
Zillow (NASDAQ:Z) CEO Spencer M. Rascoff sold 50,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $144.82, for a total value of $7,241,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Zillow (NASDAQ:Z) traded up 0.17% during mid-day trading on Friday, hitting $143.46. The stock had a trading volume of 526,982 shares. Zillow has a one year low of $70.28 and a one year high of $164.90. The stock has a 50-day moving average of $139.2 and a 200-day moving average of $113.1. The company’s market cap is $5.756 billion.
Zillow (NASDAQ:Z) last released its earnings data on Tuesday, August 5th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 67.7% on a year-over-year basis. Analysts expect that Zillow will post $0.38 EPS for the current fiscal year.
A number of analysts have recently weighed in on Z shares. 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Zillow currently has an average rating of “Hold” and a consensus price target of $136.93.
Zillow, Inc (NASDAQ:Z), provides real estate and home-related information.
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