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ZG

Zillow

$59.04

0.89 (1.53%)

, Z

Zillow

$58.18

0.6 (1.04%)

16:33
08/06/18
08/06
16:33
08/06/18
16:33

Zillow sees 2018 revenue $1.32B-$1.35B, consensus $1.5B

Sees 2018 EBITDA $237M-$253M. In addition, Zillow Group expects to hold 300 to 550 homes in inventory as related to the Homes segment as of December 31, 2018.

ZG

Zillow

$59.04

0.89 (1.53%)

Z

Zillow

$58.18

0.6 (1.04%)

  • 06

    Aug

  • 06

    Aug

  • 07

    Aug

  • 06

    Sep

ZG Zillow
$59.04

0.89 (1.53%)

06/18/18
GSCO
06/18/18
DOWNGRADE
Target $60
GSCO
Neutral
Zillow downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Heath Terry downgraded Zillow Group to Neutral with an unchanged price target of $60. The analyst notes the shares have significantly outperformed after rallying 59% year-to-date. He downgraded the online real estate stocks ahead of what has historically been a period of seasonal underperformance, along with expectations for continued tightness in housing and mortgage availability as well as signs of increasing competition in the online real estate category.
06/18/18
GSCO
06/18/18
DOWNGRADE
Target $21
GSCO
Sell
Redfin downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Heath Terry downgraded Redfin (RDFN) to Sell with an unchanged price target of $21. Macro pressures have an outsized impact on Redfin, Terry tells investors in a research note. He downgraded the online real estate stocks ahead of what has historically been a period of seasonal underperformance, along with expectations for continued tightness in housing and mortgage availability as well as signs of increasing competition in the online real estate category. Terry this morning also downgraded Zillow Group (ZG) to Neutral.
06/18/18
06/18/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Redfin (RDFN) was downgraded to Sell from Neutral at Goldman Sachs while Zillow (Z, ZG) was downgraded to Neutral from Buy. 2. Dun & Bradstreet (DNB) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. 3. Hibbett Sports (HIBB) downgraded to Underperform from Buy at BofA/Merrill analyst Rafe Jadrosich saying he expects negative same-store-sales declines in Q4 and continuing through 2020 as Hibbett laps the ecommerce launch and excess inventory clearance. 4. Cheesecake Factory (CAKE) downgraded to Neutral on valuation at BTIG with analyst Peter Saleh citing recent share strength. 5. Intel (INTC) downgraded to Underperform from Market Perform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/31/18
JEFF
07/31/18
NO CHANGE
Target $60
JEFF
Hold
Zillow price target raised to $60 from $52 at Jefferies
Jefferies analyst Brent Thill raised his price target for Zillow to $60 after taking a "deep dive look" at the valuation based on the company's different business units and drivers. The resulting sum-of-the-parts points to a "more interesting risk/reward," with the biggest pushback on the "home flipping market," Thill tells investors in a research note. The analyst estimates this unit will account for just 26% of total revenue in 2020, and he likes that Zillow is carving out a collection of real estate offerings. His bull case is $76 per share, or 35% potential upside, but he keeps a Hold rating on the shares pending a better entry point.
Z Zillow
$58.18

0.6 (1.04%)

04/18/18
04/18/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Juniper (JNPR) downgraded to Sell from Neutral at Goldman Sachs with analyst Rod Hall saying his detailed cloud installed base model suggests further transitional downside. 2. Zillow (Z, ZG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Jonathan Lanterman citing the company's recently announced plans for a new home buying and selling business, Zillow Instant Offers. 3. Altria Group (MO) downgraded to Neutral from Buy at Citi with analyst Adam Spielman saying e-cigarette JUUL is beginning to disrupt U.S. cigarette industry. 4. Callaway Golf (ELY) downgraded to Neutral from Buy at DA Davidson with analyst Andrew Burns saying he expects a more balanced risk-reward in 2018 as further market share gains will be difficult to achieve. 5. GrubHub (GRUB) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak citing the company's 175% advance since the start of 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/18
ADAM
05/08/18
NO CHANGE
Target $60
ADAM
Buy
Zillow price target raised to $60 from $54 at Canaccord
Canaccord analyst Michael Graham raised his price target on Zillow Group to $60 from $54 following Q1 results he called "solid." He said the results reinforced his bullish outlook as management appeared more confident while increasing top-line guidance. He sees several sources for upside, including better pricing in the Premier Agent business and success with the Homes business. Graham reiterated his Buy rating on Zillow shares.
05/08/18
05/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comcast (CMCSA) downgraded to Neutral from Overweight at Atlantic Equities. 2. Zillow (Z, ZG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing the recent stock price appreciation. 3. XL Group (XL) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Dwelle saying the company's first quarter earnings did not contain any red flags around the sale of the company to AXA (AXAHY), which is on track to close in late second quarter or in the third quarter. 4. Ionis Pharmaceuticals (IONS) downgraded to In Line from Outperform at Evercore ISI with analyst Josh Schimmer citing the safety concerns around volanesorsen discussed in the latest FDA briefing documents, which also "dismantled the company's claims" that the treatment leads to benefits in pancreatis. 5. Sapiens (SPNS) downgraded to Market Perform from Outperform at William Blair with analyst Justin Furby saying consensus estimates for 2019 could be a "too aggressive." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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JOUT

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WTW

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WMT

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WIFI

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C

Citi

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EVER

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CASY

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