Breaking News Instant updates and real-time market news.

ZG

Zillow

$59.04

0.89 (1.53%)

, Z

Zillow

$58.18

0.6 (1.04%)

07:07
08/07/18
08/07
07:07
08/07/18
07:07

Zillow likely down 20% at open after 'miss and lower' report, says Benchmark

Benchmark analyst Daniel Kurnos said Zillow (ZG) missed quarter results and lowered full-year guidance for "the firm time in recent history," leading him to expect the stock to likely be down about 20% on the open following its Q2 report. However, the fact that is guidance does not include expected revenue from the Mortgage Lenders of America acquisition, as well as international expansion plans, give him some hope that the company is back to being conservative with its outlook, Kurnos tells investors. The analyst, who is optimistic that increased seller leads will help continue to drive IMT EBITDA growth of over 30%, keeps a Buy rating on Zillow but lowered his price target on the stock to $60 from $62.

ZG

Zillow

$59.04

0.89 (1.53%)

Z

Zillow

$58.18

0.6 (1.04%)

  • 07

    Aug

  • 06

    Sep

ZG Zillow
$59.04

0.89 (1.53%)

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.
08/07/18
BOFA
08/07/18
DOWNGRADE
Target $60
BOFA
Neutral
Zillow downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Nat Schindler downgraded Zillow to Neutral and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook cut, and other revenue also missed, indicating new construction opportunity is also taking longer to materialize.
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

AMZN

Amazon.com

$1,883.50

8.05 (0.43%)

19:36
08/21/18
08/21
19:36
08/21/18
19:36
Hot Stocks
Amazon.com's AWS announces availability of T3 instances for EC2 »

Amazon Web Services…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$286.28

0.6 (0.21%)

19:28
08/21/18
08/21
19:28
08/21/18
19:28
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Aide for House Speaker…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$286.28

0.6 (0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FB

Facebook

$172.65

0.15 (0.09%)

, FEYE

FireEye

$14.57

0.135 (0.94%)

19:21
08/21/18
08/21
19:21
08/21/18
19:21
Hot Stocks
Facebook removed multiple pages, groups, accounts over 'inauthentic' behavior »

Facebook (FB) said in a…

FB

Facebook

$172.65

0.15 (0.09%)

FEYE

FireEye

$14.57

0.135 (0.94%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

  • 22

    Aug

  • 06

    Sep

  • 06

    Sep

  • 12

    Sep

  • 18

    Sep

  • 10

    Oct

  • 28

    Oct

SE

Sea Limited

$14.31

0.47 (3.40%)

19:06
08/21/18
08/21
19:06
08/21/18
19:06
Earnings
Sea Limited reports Q2 adjusted EBITDA ($161.9M) vs. ($50.9M) last year »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

URBN

Urban Outfitters

$47.75

0.23 (0.48%)

, LZB

La-Z-Boy

$33.03

0.675 (2.09%)

18:59
08/21/18
08/21
18:59
08/21/18
18:59
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

URBN

Urban Outfitters

$47.75

0.23 (0.48%)

LZB

La-Z-Boy

$33.03

0.675 (2.09%)

KEYS

Keysight Technologies

$60.47

0.28 (0.47%)

PSTG

Pure Storage

$22.03

0.23 (1.06%)

MYGN

Myriad Genetics

$42.83

0.9 (2.15%)

ZNGA

Zynga

$3.75

0.01 (0.27%)

STAR

iStar

$10.06

-0.04 (-0.40%)

FLEX

Flex

$13.80

0.17 (1.25%)

OCUL

Ocular Therapeutix

$6.12

0.07 (1.16%)

SMCI

Super Micro Computer

$18.45

-0.425 (-2.25%)

GSM

Ferroglobe

$8.11

0.09 (1.12%)

RRGB

Red Robin

$40.15

0.4 (1.01%)

NBEV

New Age Beverages

$1.59

0.05 (3.26%)

HA

Hawaiian Holdings

$43.70

-0.25 (-0.57%)

JILL

J.Jill

$6.85

-0.77 (-10.11%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

  • 21

    Aug

  • 21

    Aug

  • 21

    Aug

  • 21

    Aug

  • 22

    Aug

  • 22

    Aug

  • 22

    Aug

  • 28

    Aug

  • 29

    Aug

  • 30

    Aug

  • 04

    Sep

  • 05

    Sep

  • 06

    Sep

  • 06

    Sep

  • 12

    Sep

  • 12

    Sep

  • 01

    Oct

  • 03

    Oct

  • 03

    Oct

  • 04

    Oct

  • 05

    Oct

  • 06

    Nov

  • 28

    Dec

  • 22

    Aug

TMUS

T-Mobile

$66.57

0.71 (1.08%)

, S

Sprint

$6.18

0.01 (0.16%)

18:43
08/21/18
08/21
18:43
08/21/18
18:43
Periodicals
T-Mobile asks smaller carriers to publicly support Sprint deal, Reuters says »

T-Mobile (TMUS) is asking…

TMUS

T-Mobile

$66.57

0.71 (1.08%)

S

Sprint

$6.18

0.01 (0.16%)

DTEGY

Deutsche Telekom

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Sep

AOI

Alliance One

$18.10

0.25 (1.40%)

18:32
08/21/18
08/21
18:32
08/21/18
18:32
Hot Stocks
Alliance One approves names change to Pyxus Intl and changes board leadership »

Alliance One…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Sep

HA

Hawaiian Holdings

$43.70

-0.25 (-0.57%)

18:01
08/21/18
08/21
18:01
08/21/18
18:01
Hot Stocks
Hawaiian Airlines to suspend Beijing service »

Hawaiian Airlines…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

AL

Air Lease

$46.32

0.69 (1.51%)

18:01
08/21/18
08/21
18:01
08/21/18
18:01
Hot Stocks
Air Lease VP Marc Baer sells 10K shares of company stock »

Air Lease VP Marc Baer…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

  • 20

    Sep

CAAP

Corporacion America Airport

$8.82

-0.005 (-0.06%)

17:55
08/21/18
08/21
17:55
08/21/18
17:55
Hot Stocks
Corporacion America Airports reports Q2 passenger traffic up 7.4% »

Cargo volume increase…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

GLD

SPDR Gold Trust

$113.02

0.35 (0.31%)

17:33
08/21/18
08/21
17:33
08/21/18
17:33
Hot Stocks
SPDR Gold Trust SPDR Gold Trust holdings fall to 768.70MT from 772.24MT »

This is the lowest level…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PEB

Pebblebrook Hotel

$39.18

0.17 (0.44%)

, LHO

LaSalle Hotel

$34.45

-0.1 (-0.29%)

17:31
08/21/18
08/21
17:31
08/21/18
17:31
Hot Stocks
Pebblebrook Hotel increases terms of offer to merger with LaSalle Hotel »

Pebblebrook Hotel Trust…

PEB

Pebblebrook Hotel

$39.18

0.17 (0.44%)

LHO

LaSalle Hotel

$34.45

-0.1 (-0.29%)

BX

Blackstone

$36.49

-0.31 (-0.84%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ZNGA

Zynga

$3.75

0.01 (0.27%)

, DIS

Disney

$112.38

0.39 (0.35%)

17:30
08/21/18
08/21
17:30
08/21/18
17:30
Hot Stocks
Zynga reaches multi-year pact with Disney to developy mobile 'Star Wars' game »

Zynga (ZNGA) announced a…

ZNGA

Zynga

$3.75

0.01 (0.27%)

DIS

Disney

$112.38

0.39 (0.35%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$286.28

0.6 (0.21%)

17:26
08/21/18
08/21
17:26
08/21/18
17:26
Periodicals
Cohen pleads guilty to campaign finance violations, other charges, AP says »

Former Trump lawyer…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$286.28

0.6 (0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KTOS

Kratos Defense

$13.14

0.18 (1.39%)

17:23
08/21/18
08/21
17:23
08/21/18
17:23
Hot Stocks
Kratos Defense awarded $109M U.S. Air Force contract »

Kratos Unmanned Aerial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Sep

LMT

Lockheed Martin

$324.20

0.06 (0.02%)

17:22
08/21/18
08/21
17:22
08/21/18
17:22
Hot Stocks
Lockheed Martin awarded $356.3M U.S. Army contract »

Lockheed Martin was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HOLX

Hologic

$38.48

0.23 (0.60%)

17:21
08/21/18
08/21
17:21
08/21/18
17:21
Hot Stocks
Hologic commends USPSTF cancer screening recommendation »

Hologic commends the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

  • 27

    Aug

  • 12

    Sep

STAR

iStar

$10.06

-0.04 (-0.40%)

, SHLM

A. Schulman

$44.00

(0.00%)

17:18
08/21/18
08/21
17:18
08/21/18
17:18
Hot Stocks
iStar to replace A. Schulman in S&P 600 at open on 8/27 »

S&P 500 constituent…

STAR

iStar

$10.06

-0.04 (-0.40%)

SHLM

A. Schulman

$44.00

(0.00%)

LYB

LyondellBasell

$114.94

0.95 (0.83%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Sep

  • 11

    Sep

BTE

Baytex Energy

$2.98

0.125 (4.38%)

17:18
08/21/18
08/21
17:18
08/21/18
17:18
Hot Stocks
Baytex Energy and Raging River Exploration receive approvals for transaction »

Baytex Energy and Raging…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$286.28

0.6 (0.21%)

17:18
08/21/18
08/21
17:18
08/21/18
17:18
Periodicals
Breaking Periodicals news story on S&P 500, SPDR S&P 500 ETF Trust »

Former Trump lawyer…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$286.28

0.6 (0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WAB

Wabtec

$110.40

0.2 (0.18%)

17:11
08/21/18
08/21
17:11
08/21/18
17:11
Hot Stocks
Wabtec's Brooks sells 20,000 common shares »

In a regulatory filing,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Nov

ADI

Analog Devices

$95.95

2.23 (2.38%)

17:02
08/21/18
08/21
17:02
08/21/18
17:02
Hot Stocks
Analog Devices reinstates buyback, boosts authorization by $2B »

Analog Devices announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

SGBX

SG Blocks

$4.02

0.07 (1.77%)

17:02
08/21/18
08/21
17:02
08/21/18
17:02
Hot Stocks
Breaking Hot Stocks news story on SG Blocks »

Hillair Capital reports…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AFG

American Financial Group

$113.48

-0.315 (-0.28%)

17:01
08/21/18
08/21
17:01
08/21/18
17:01
Hot Stocks
American Financial Group raises dividend 14% to $1.60 »

American Financial Group…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Sep

AGN

Allergan

$191.19

0.42 (0.22%)

17:01
08/21/18
08/21
17:01
08/21/18
17:01
Hot Stocks
Allergan receives CRL from FDA for ulipristal acetate NDA »

Allergan announced it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Sep

  • 12

    Sep

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.