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Fly News Breaks for January 8, 2019
Z
Jan 8, 2019 | 06:11 EDT
Needham analyst Brad Erickson initiated Zillow with a Hold rating, saying the company needs to establish better visibility regarding its Premier Agent driven product. The analyst further notes that while the "down-funnel" strategy challenges are "misunderstood by the market", he prefers a better entry point on the stock in expectation of FY19 outlook being "tempered a bit".
News For Z From the Last 2 Days
Z
Apr 26, 2024 | 12:45 EDT
Bullish option flow detected in Zillow with 7,990 calls trading, 3x expected, and implied vol increasing almost 2 points to 60.56%. May-24 51 calls and Jun-24 45 calls are the most active options, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 0.11. Earnings are expected on May 1st.
Z
Apr 25, 2024 | 17:08 EDT
Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.
Z
Apr 24, 2024 | 08:08 EDT
Jefferies raised the firm's price target on Zillow to $77 from $75 and keeps a Buy rating on the shares. The firm expects upside in Q1, though higher mortgage rates and softer housing data exiting the quarter could encourage Zillow to guide Q2 conservatively. Still, the firm sees tailwinds from new products driving upside to consensus in the coming years, the analyst added in a preview note for the U.S. Internet group.