Zillow Group (Z) Getting Positive News Coverage, Study Shows
Media headlines about Zillow Group (NASDAQ:Z) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zillow Group earned a news sentiment score of 0.34 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.9937468057735 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Blackstone Fund Buys Stake in Real Estate Firm Rockpoint (bloombergquint.com)
- Orbach Group sells another UWS property (therealdeal.com)
- Rising Mortgage Rates Threaten the American Dream (finance.yahoo.com)
- Zillow Group (Z) Receives Overweight Rating from Morgan Stanley (americanbankingnews.com)
- Traders Watch list: Radian Group Inc. (NYSE:RDN), Zillow Group … – The Oracle Examiner (oracleexaminer.com)
A number of analysts have recently issued reports on Z shares. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Morgan Stanley reissued an “overweight” rating and issued a $55.00 price target (up from $50.00) on shares of Zillow Group in a research report on Tuesday. Finally, Cowen reissued a “hold” rating on shares of Zillow Group in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Zillow Group has an average rating of “Buy” and a consensus target price of $50.79.
Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.09 EPS for the quarter. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The firm had revenue of $282.33 million for the quarter.
In related news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the insider now owns 4,334,008 shares in the company, valued at $193,296,756.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Jeremy Wacksman sold 11,000 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $50.32, for a total value of $553,520.00. Following the transaction, the chief marketing officer now owns 11,468 shares in the company, valued at approximately $577,069.76. The disclosure for this sale can be found here. Insiders sold 327,586 shares of company stock worth $14,415,985 in the last 90 days. 21.72% of the stock is currently owned by corporate 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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