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ZG

Zillow

$59.04

0.89 (1.53%)

, Z

Zillow

$58.18

0.6 (1.04%)

09:11
08/07/18
08/07
09:11
08/07/18
09:11

Zillow 'hiccups' provide buying opportunity, says Stephens

Stephens analyst John Campbell said Zillow's (ZG) core business continues to perform nicely despite the early growing pains seen in its new Homes business. He sees "some hiccups" triggering the guidance decrease and remains highly upbeat on Zillow over the long-term, recommending that investors use the weakness as a buying opportunity. He lowered his price target on the stock to $62 from $64 but maintains an Overweight rating on Zillow, whose Class A shares are down $9.50, or 16%, to $49.50 in pre-market trading.

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%)

08/07/18
BNCH
08/07/18
NO CHANGE
Target $60
BNCH
Buy
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.
08/07/18
RBCM
08/07/18
NO CHANGE
Target $46
RBCM
Sector Perform
Zillow price target lowered to $46 from $52 at RBC Capital
RBC Capital analyst Mark Mahaney lowered his price target on Zillow to $46 and kept his Sector Perform rating after its in-line Q2 results and reduced revenue/EBITDA outlook for its core IMT segment and new Homes unit in FY18. The analyst also points to the company's acquisition of Mortgage Lenders in reducing his estimates.
08/07/18
JEFF
08/07/18
NO CHANGE
Target $52
JEFF
Hold
Zillow price target lowered to $52 from $60 at Jefferies
Jefferies analyst Brent Thill lowered his price target for Zillow to $52 saying that while the Q2 results were inline, the "shocker" came from the company reducing fiscal guidance in three of its five businesses, or Homes, Rentals, Other. The guidance revisions highlight the company's near-term forecasting issues rather than a fundamental flaw in the business, Thill tells investors in a post-earnings research note titled "Over their Water Ski Tips." The analyst continues to await a better entry point before getting more constructive on Zillow shares.
08/07/18
DADA
08/07/18
NO CHANGE
Target $52
DADA
Neutral
Zillow price target lowered to $52 from $57 at DA Davidson
DA Davidson analyst Tom White lowered his price target on Zillow to $52 and kept his Neutral rating after its Q2 results, saying that while its Premier Agent and Mortgages units topped expectations, Rentals and other IMT segment revenues disappointed. White states that Zillow's Homes segment saw the biggest impact toward the downside revision of the overall revenue outlook, while its profitability forecast was also driven lower by its incremental headcount needs. The analyst also notes that the weakness in Rentals was surprising, with the company prioritizing the long-term product improvements over near-term traffic performance and lead generation.
Z Zillow
$58.18

0.6 (1.04%)

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.
08/07/18
KEYB
08/07/18
NO CHANGE
Target $56
KEYB
Overweight
Zillow price target lowered to $56 from $63 at KeyBanc
KeyBanc analyst Brad Erickson lowered his price target for Zillow to $56 from $63 while reiterating an Overweight rating on the shares. The analyst believes the company's lowered guidance and mortgage origination acquisition create significant noise that should hit the stock, but thinks the company remains best positioned to capture more profit from the real estate transaction through added utility as it explores new ways to move down funnel.

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PetIQ

$28.26

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AAP

Advance Auto Parts

$156.01

11.22 (7.75%)

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  • 14

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SPHS

Sophiris Bio

$2.74

0.13 (4.98%)

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VZ

Verizon

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NVDA

Nvidia

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VRAY

ViewRay

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CRZO

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ERI

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CE

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MAG

MAG Silver

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GLD

SPDR Gold Trust

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SNES

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MXWL

Maxwell

$3.98

0.59 (17.40%)

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