Zillow (Z) Receiving Somewhat Favorable News Coverage, Report Shows

Media coverage about Zillow (NASDAQ:Z) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zillow earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.661635122937 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

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Shares of NASDAQ Z traded up $0.22 during mid-day trading on Friday, hitting $47.18. The company had a trading volume of 1,944,127 shares, compared to its average volume of 1,602,119. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow has a 12 month low of $36.25 and a 12 month high of $59.99.

Zillow (NASDAQ:Z) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $282.33 million during the quarter. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%.

Z has been the topic of a number of research reports. BidaskClub downgraded shares of Zillow from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Morgan Stanley reissued an “overweight” rating and set a $55.00 target price (up from $50.00) on shares of Zillow in a research report on Tuesday, March 13th. Benchmark reissued a “buy” rating and set a $64.00 target price on shares of Zillow in a research report on Friday, April 13th. KeyCorp set a $63.00 target price on shares of Zillow and gave the stock a “buy” rating in a research report on Thursday, April 12th. Finally, Cowen reissued a “hold” rating on shares of Zillow in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.23.

In other news, COO Amy Bohutinsky sold 168,748 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $52.88, for a total transaction of $8,923,394.24. Following the completion of the sale, the chief operating officer now owns 90,624 shares of the company’s stock, valued at $4,792,197.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO David A. Beitel sold 4,666 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $47.24, for a total transaction of $220,421.84. Following the sale, the chief technology officer now directly owns 31,408 shares of the company’s stock, valued at approximately $1,483,713.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 489,778 shares of company stock valued at $25,092,380. Company insiders own 21.72% of the company’s stock.

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About Zillow

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.

Insider Buying and Selling by Quarter for Zillow (NASDAQ:Z)

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