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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

MSI

Motorola Solutions

$129.97

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PCG

PG&E

$24.39

6.62 (37.25%)

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ABX

Barrick Gold

$13.04

0.05 (0.38%)

18:00
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Periodicals
Barrick Gold looking to add more copper, bullion assets, Reuters reports »

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WTR

Aqua America

$33.05

0.165 (0.50%)

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

, XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

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General news
Week ending ETF scorecard: Real Estate leads, Consumer Discretionary slumps »

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XLRE

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XLB

S&P Select Materials SPDR

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XLU

Utilities SPDR

$54.86

0.77 (1.42%)

XLI

Industrial Select Sector SPDR

$72.00

(0.00%)

XLV

Health Care Select Sector SPDR

$92.05

0.91 (1.00%)

XLF

Financial Select Sector

$26.78

0.03 (0.11%)

XLP

Consumer Staples Sector SPDR

$56.04

0.15 (0.27%)

XLE

Energy Select Sector SPDR

$67.23

0.76 (1.14%)

XLC

Communication Services Select Sector SPDR Fund

$44.88

-0.2 (-0.44%)

XLK

Technology Select Sector SPDR

$68.22

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XLY

Consumer Discretionary Sector SPDR

$106.37

-0.43 (-0.40%)

GLD

SPDR Gold Shares

$115.56

0.82 (0.71%)

SLV

iShares Silver Trust

$13.55

0.115 (0.86%)

USO

United States Oil Fund

$12.07

0.08 (0.67%)

UNG

United States Natural Gas Fund

$35.43

3.63 (11.42%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.24

-0.27 (-0.32%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$111.73

0.23 (0.21%)

TLT

iShares 20+ Year Treasury Bond Fund

$114.65

0.61 (0.53%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.13

0.3 (0.30%)

SHY

iShares 1-3 Year Treasury Bond

$83.13

0.08 (0.10%)

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
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DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
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  • 21

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TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
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17:33
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Gubitosi viewed as frontrunner for Telecom Italia CEO job, Reuters says »

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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
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PLUG

Plug Power

$1.83

(0.00%)

17:28
11/16/18
11/16
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17:28
Syndicate
Breaking Syndicate news story on Plug Power »

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
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Syndicate
Breaking Syndicate news story on GlobalSCAPE »

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EQIX

Equinix

$388.18

2.67 (0.69%)

17:19
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Equinix's Lee sells 2,792 common shares »

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  • 26

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

17:17
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Lockheed Martin awarded $282.09M Naval Sea Systems Command contract »

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TLGT

Teligent

$2.56

0.045 (1.79%)

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

17:16
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Syndicate
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  • 19

    Nov

IMMR

Immersion

$9.56

-0.14 (-1.44%)

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ATNX

Athenex

$11.95

0.74 (6.60%)

17:10
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  • 27

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TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
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Recommendations
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  • 03

    Dec

EEI

Ecology & Environment

$10.50

-2 (-16.00%)

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AEE

Ameren

$69.29

0.01 (0.01%)

16:58
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EQS

Equus II Inc

$1.86

(0.00%)

16:56
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Equus II Inc reports net assets of $46.6M as of September 30 »

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

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  • 14

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COTY

Coty

$9.09

0.39 (4.48%)

16:55
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Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
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16:54
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Upgrade
Novartis rating change at Goldman Sachs »

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  • 02

    Dec

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VIAB

Viacom

$33.00

1.13 (3.55%)

16:52
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Syndicate
Breaking Syndicate news story on Viacom »

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