Favorable News Coverage Somewhat Unlikely to Affect Zillow Group (NASDAQ:Z) Stock Price
News stories about Zillow Group (NASDAQ:Z) have been trending positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zillow Group earned a news sentiment score of 0.35 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.0298191903057 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Zillow Group, Inc. – Business Wire (press release) (businesswire.com)
- Bragar Eagel & Squire, PC Is Investigating Zillow Group, Inc. (Z) on Behalf of Stockholders and Encourages Investors … – Business Wire (press release) (businesswire.com)
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zillow Group, Inc. – Z – PR Newswire (press release) (prnewswire.com)
- Zillow Group, Inc. (NASDAQ:ZG) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Zillow Group, Inc. (Z) – Markets Insider (markets.businessinsider.com)
Several equities research analysts recently commented on the stock. Deutsche Bank AG boosted their price objective on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target (up from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. BidaskClub lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $54.50 price target (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Zillow Group presently has an average rating of “Hold” and an average target price of $46.06.
Shares of Zillow Group (NASDAQ:Z) traded up 1.16% during midday trading on Friday, reaching $40.97. 1,688,789 shares of the company’s stock traded hands. The company has a 50 day moving average of $46.41 and a 200 day moving average of $40.35. The firm’s market cap is $7.60 billion. Zillow Group has a 52-week low of $31.22 and a 52-week high of $51.23.
Zillow Group (NASDAQ:Z) last released 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 business had revenue of $266.85 million during the quarter. On average, equities analysts predict that Zillow Group will post $0.50 EPS for the current fiscal year.
In related news, COO Amy Bohutinsky sold 147,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the completion of the sale, the chief operating officer now owns 43,000 shares in the company, valued at $1,944,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Spencer M. Rascoff sold 120,146 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $43.34, for a total transaction of $5,207,127.64. Following the sale, the chief executive officer now owns 120,146 shares of the company’s stock, valued at approximately $5,207,127.64. The disclosure for this sale can be found here. Insiders have sold 379,800 shares of company stock worth $16,970,457 over the last three months. 26.97% of the stock is owned by insiders.
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