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ZG

Zillow

$53.77

0.36 (0.67%)

08:38
04/13/18
04/13
08:38
04/13/18
08:38

Zillow price target raised to $56 from $52 at Needham

Needham analyst Kerry Rice raised his Zillow price target to $56 and kept his Buy rating after the company's preliminary Q1 revenue beat. Rice notes that while Zillow's launch of new home purchase business in Las Vegas and Phoenix could be detrimental to profitability in the short run, in the longer term, the move is "necessary to ward off competition, such as Opendoor, Knock, and HomeLight". The analyst also sees Zillow's Premier Agent partnerships, "extensive" data and consumer insights helping to position the company to gain "considerable traction" in the homes resale market.

ZG Zillow
$53.77

0.36 (0.67%)

04/13/18
04/13/18
DOWNGRADE
Target $50

Hold
Zillow downgraded at Craig-Hallum after expansion of 'instant offers' program
As previously reported, Craig-Hallum analyst Brad Berning downgraded Zillow (ZG) to Hold from Buy after the company announced the expansion of its Instant Offers program to Phoenix in addition to Las Vegas and Orlando. The program, under which the company buys and sells homes with Premier Agent partners, will require what he estimates to be about $3B of capital, which Zillow intends to fund using its balance sheet, while only creating what he estimates will be about $3B in incremental shareholder value, Berning tells investors. Thus, he sees the expansion as "a wash" for shareholder value, but one that comes at the price of potential added risk. Berning lowered his price target on Zillow to $50 from $58.
04/13/18
LEHM
04/13/18
NO CHANGE
Target $43
LEHM
Equal Weight
Zillow entrance into home buying brings 'meaningful' risks, says Barclays
Zillow's plans to participate in home buying and selling opens up a "significant opportunity" but also brings "meaningful" risks associated with capital needs, cyclical trends, and potential conflicts of interest with agents, Barclays analyst Deepak Mathivanan tells investors in a research note. The analyst keeps an Equal Weight rating on Zillow shares with a $43 price target.
04/13/18
MSCO
04/13/18
NO CHANGE
Target $55
MSCO
Overweight
Zillow move into iBuying 'Amazon-esque,' says Morgan Stanley
Morgan Stanley analyst Jonathan Lanterman noted that Zillow (ZG) announced its entrance into "iBuying" with the expansion of its Instant Offers program, via which the company will get into the home buying and selling transaction market. While Zillow will potentially be taking on balance sheet risk and utilizing higher debt loads than it has in the past, Lanterman sees the move to target a market with lower margins but one with a larger total addressable market as "Amazon-esque." He expects investors who were bullish on Zillow to view the entrance into iBuying positively and for already bearish investors to view this move skeptically. Lanterman currently has an Overweight rating on Zillow shares, but noted that his model is under review.
04/13/18
BNCH
04/13/18
NO CHANGE
Target $64
BNCH
Buy
Zillow target upped to $64 after 'surprise' instant offers news at Benchmark
Benchmark analyst Daniel Kurnos called Zillow Group's announcement that it is entering the real estate investment market via its Instant Offers program a surprise that he expects will be "met with significant skepticism by the bears" betting on a slowdown in its core business. However, the parallel announcement of Q1 preliminary results that exceeded consensus, further pricing support from lead platform changes, and Zillow's proven ability to monetize its consumer funnel give him confidence in the new approach and long-term outlook, Kurnos tells investors. He raised his price target on the stock to $64 from $55 and keeps a Buy rating on Zillow.

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VXX

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

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Bank of America

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-0.24 (-0.83%)

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SVXY

ProShares Short VIX Short-Term Futures

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Tronox

$19.31

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Venator Materials

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XERS

Xeris Pharmaceuticals

$18.26

-0.18 (-0.98%)

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INST

Instructure

$44.93

-0.225 (-0.50%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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USO

United States Oil Fund

$14.47

0.085 (0.59%)

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IIIV

i3 Verticals

$16.73

-0.025 (-0.15%)

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KRYS

Krystal Biotech

$17.14

0.08 (0.47%)

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Conference/Events
Krystal Biotech management to meet with Oppenheimer »

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XOP

SPDR Oil Exploration and Production Fund

$43.19

0.06 (0.14%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.43

0.89 (3.48%)

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NBIX

Neurocrine

$102.95

0.17 (0.17%)

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Teva

$23.29

-0.45 (-1.90%)

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Neurocrine

$102.95

0.17 (0.17%)

TEVA

Teva

$23.29

-0.45 (-1.90%)

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$54.61

-2.06 (-3.64%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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ERJ

Embraer

$21.50

-0.78 (-3.50%)

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Periodicals
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  • 16

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EPRT

Essential Properties Realty Trust

$14.00

(0.00%)

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EWZ

MSCI Brazil Index

$34.05

0.67 (2.01%)

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

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Tronox

$19.31

-0.28 (-1.43%)

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PSA

Public Storage

$228.07

-1.43 (-0.62%)

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EFA

iShares MSCI EAFE Index Fund

$67.80

0.21 (0.31%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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