Somewhat Positive Media Coverage Somewhat Unlikely to Affect Zillow Group (Z) Stock Price
Headlines about Zillow Group (NASDAQ:Z) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Zillow Group earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.1453293649422 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Watching the Tape Move for Zillow Group Inc (Z) – FLBC News (flbcnews.com)
- ‘Zillow Zestimates’ Class-Action Lawsuit Dismissed – Yahoo Finance (finance.yahoo.com)
- Z INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Zillow Group … (businesswire.com)
- Zillow : Prize Contest Surpasses 2,500 Competitors from 76 Countries Around the World (4-traders.com)
- Clearwater-Based Commercial Real Estate Company Celebrates Its Nomination to the Inc. 5000 List of Fastest Growing Private Companies (pr.com)
Zillow Group (Z) opened at 37.92 on Monday. Zillow Group has a one year low of $31.22 and a one year high of $51.23. The stock’s 50 day moving average is $43.56 and its 200-day moving average is $40.60. The firm’s market cap is $7.03 billion.
Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The firm had revenue of $266.85 million for the quarter. On average, equities research analysts expect that Zillow Group will post $0.52 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the stock. Benchmark Co. reissued a “buy” rating and issued a $55.00 price objective on shares of Zillow Group in a research note on Sunday, July 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $54.50 price objective (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Cowen and Company reissued a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG lifted their price objective on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.06.
In related news, insider Errol G. Samuelson sold 7,050 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $49.30, for a total value of $347,565.00. Following the completion of the sale, the insider now directly owns 34,727 shares of the company’s stock, valued at $1,712,041.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Spencer M. Rascoff sold 22,400 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $46.37, for a total transaction of $1,038,688.00. Following the completion of the sale, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $347,775. The disclosure for this sale can be found here. Insiders have sold 232,230 shares of company stock valued at $10,547,807 over the last three months. Insiders own 26.97% of the company’s stock.
About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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