Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Zillow Group (Z) Stock Price
Media stories about Zillow Group (NASDAQ:Z) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zillow Group earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.036236176581 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Real Estate Notebook: Three Alliance Center sets record price for Atlanta office project (bizjournals.com)
- 2018’s 10 hottest housing markets (finance.yahoo.com)
- Premier Property Group Sees “Explosive” Growth During First Quarter Of Business (chattanoogan.com)
- Top D-FW commercial real estate deals for the week of Jan. 8 (dallasnews.com)
- BGC Partners And Newmark Group Announce Fourth Quarter Earnings Conference Call Details (finance.yahoo.com)
A number of research firms have recently commented on Z. BidaskClub downgraded Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Canaccord Genuity increased their target price on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research report on Thursday, October 5th. Finally, Morgan Stanley upgraded Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $48.81.
In related news, CEO Spencer M. Rascoff sold 58,050 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $41.51, for a total transaction of $2,409,655.50. Following the sale, the chief executive officer now owns 70,050 shares in the company, valued at approximately $2,907,775.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Spencer M. Rascoff sold 141,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $39.54, for a total value of $5,594,910.00. Following the sale, the chief executive officer now owns 73,279 shares in the company, valued at approximately $2,897,451.66. The disclosure for this sale can be found here. Insiders have sold a total of 678,791 shares of company stock worth $27,500,334 in the last 90 days. 21.72% of the stock is currently owned by insiders.
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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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