Media headlines about Zillow (NASDAQ:Z) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zillow earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.0563390356018 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
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Why Aren’t We All Buying Houses on the Internet? (slate.com) Zillow to feature Canadian listings, eh! (housingwire.com) Couples Will Spend Two Years’ Worth of Rent to Pay for their Wedding (finance.yahoo.com) Analyzing Zillow (Z) and InnerWorkings (INWK) (americanbankingnews.com) Birth rates are sliding where housing prices are rapidly soaring, and you can see that in this Bay Area county (feeds.bizjournals.com)
Several equities analysts have commented on Z shares. Morgan Stanley reiterated an “overweight” rating and issued a $55.00 price objective (up from $50.00) on shares of Zillow in a report on Tuesday, March 13th. Benchmark reiterated a “buy” rating and issued a $64.00 price objective on shares of Zillow in a report on Friday, April 13th. BidaskClub upgraded shares of Zillow from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. KeyCorp set a $63.00 price objective on shares of Zillow and gave the company a “buy” rating in a report on Thursday, April 12th. Finally, Cowen reiterated a “hold” rating on shares of Zillow in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $55.58.
Shares of Zillow traded down $0.69, reaching $61.52, during trading on Thursday, Marketbeat reports. The company’s stock had a trading volume of 1,242,141 shares, compared to its average volume of 1,805,788. Zillow has a 52 week low of $37.68 and a 52 week high of $62.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.64 and a quick ratio of 7.64.
Zillow (NASDAQ:Z) last announced its earnings results on Monday, May 7th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $299.88 million during the quarter. Zillow had a negative net margin of 9.59% and a negative return on equity of 0.40%.
In related news, CEO Spencer M. Rascoff sold 100,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $57.16, for a total transaction of $5,716,000.00. Following the completion of the sale, the chief executive officer now owns 112,000 shares of the company’s stock, valued at $6,401,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stanley B. Humphries sold 35,000 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $55.31, for a total transaction of $1,935,850.00. Following the sale, the insider now directly owns 35,248 shares of the company’s stock, valued at approximately $1,949,566.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,405,877 shares of company stock valued at $76,324,897. 21.72% of the stock is currently owned by company insiders.
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 consumers 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.