Zillow Group (Z) Receives Media Impact Score of 0.42
Media stories about Zillow Group (NASDAQ:Z) have trended positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Zillow Group earned a daily sentiment score of 0.42 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.409312943242 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- REA : releases guide to protect real estate industry from cyber-crime (4-traders.com)
- REAL ESTATE DEALS (heraldtribune.com)
- FXCM Group Clarifies its Relationship to Global Brokerage, Inc. (nasdaq.com)
- Downtown office building sold to local investment group (bizjournals.com)
- Key local commercial real estate brokers defect from CBRE for well-known competitor (bizjournals.com)
Shares of Zillow Group (NASDAQ Z) opened at 38.62 on Tuesday. Zillow Group has a 52 week low of $31.22 and a 52 week high of $51.23. The stock’s 50 day moving average is $44.57 and its 200-day moving average is $40.61. The firm’s market cap is $7.16 billion.
Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million for the quarter. On average, equities analysts predict that Zillow Group will post $0.52 EPS for the current fiscal year.
Several analysts recently issued reports on Z shares. Zacks Investment Research upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Benchmark Co. restated a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research report on Sunday, July 2nd. BidaskClub lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Cowen and Company restated a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zillow Group presently has an average rating of “Hold” and an average target price of $46.06.
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In related news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $44.50, for a total transaction of $605,200.00. Following the transaction, the insider now owns 4,498,008 shares of the company’s stock, valued at $200,161,356. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Spencer M. Rascoff sold 22,400 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $45.73, for a total value of $1,024,352.00. Following the transaction, the chief executive officer now directly owns 7,500 shares in the company, valued at approximately $342,975. The disclosure for this sale can be found here. Insiders have sold 232,230 shares of company stock worth $10,547,807 in the last ninety days. 26.97% of the stock is currently owned by corporate insiders.
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