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Z

Zillow

$41.09

0.6 (1.48%)

, ZG

Zillow

$40.79

0.3 (0.74%)

16:22
11/06/18
11/06
16:22
11/06/18
16:22

Zillow reports Q3 revenue $343.1M, consensus $344.2M

Reports Q3 loss of ($492,000) vs. income of $9.21M a year ago. "Zillow Group is undergoing a period of transformational innovation, including our new Premier Agent lead validation and distribution process, Zillow OffersT, and now mortgage origination, which together will provide more of an end-to-end real estate transaction experience for consumers. We believe that these changes will have positive long-term effects for consumers, our industry partners and our business. It will take time for advertisers to adapt to these changes, but we are confident that they set us up for long-term growth," said Zillow Group CEO Spencer Rascoff.

Z

Zillow

$41.09

0.6 (1.48%)

ZG

Zillow

$40.79

0.3 (0.74%)

  • 06

    Nov

  • 06

    Nov

  • 08

    Nov

  • 12

    Dec

Z Zillow
$41.09

0.6 (1.48%)

08/07/18
08/07/18
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. Zillow (Z, ZG) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler saying 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. 2. CBS (CBS) downgraded to Hold from Buy at Argus with analyst Joseph Bonner citing significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIAB) merger. 3. Extraction Oil & Gas (XOG) downgraded to Neutral from Outperform at Macquarie with analyst Paul Grigel citing increased risk from Colorado Initiative 97. 4. Wynn Resorts (WYNN) downgraded to Hold from Buy at Argus with analyst John Staszak citing its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. 5. Dentsply Sirona (XRAY) downgraded to Neutral from Outperform at Baird. 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
08/07/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy 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 was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.
11/02/18
ZELM
11/02/18
INITIATION
ZELM
Hold
Zillow initiated with a Hold at Zelman
11/02/18
11/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zillow (Z, ZG) initiated with a Hold at Zelman. 2. RumbleON (RMBL) initiated with a Buy at Craig-Hallum. 3. Ra Medical Systems (RMED) initiated with a Buy at Maxim. 4. Del Frisco's (DFRG) and Red Robin (RRGB) were initiated with a Hold at Loop Capital. 5. Garrett Motion (GTX) initiated with a Sell at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ZG Zillow
$40.79

0.3 (0.74%)

09/14/18
WEDB
09/14/18
INITIATION
Target $45
WEDB
Neutral
Zillow initiated with a Neutral at Wedbush
Wedbush analyst Ygal Arounian initiated Zillow with a Neutral rating and $45 price target. In a research note to investors, the analyst says that now that Zillow has reached a broad audience of users and traffic to its site, it is looking to move further down the real estate transactional "funnel," moving it further away from being a pure play internet company. He expects this to create a rotation in the company's investor base as well as the valuations that investors feel are appropriate for Zillow shares and views investor sentiment "mixed at best" until the pieces come together better and the full-scale opportunity is better understood by an evolving investor base.
10/09/18
CHLM
10/09/18
NO CHANGE
Target $40
CHLM
Hold
Zillow price target lowered to $40 from $45 at Craig-Hallum
Craig-Hallum analyst Brad Berning lowered his price target for Zillow to $40 from $45, while reiterating a Hold rating on the shares. After further review of homes sales in Phoenix and Las Vegas, the analyst found the markup on homes sold to be over 300bp less than he expected, which raised more near-term questions and concerns than answers. Additionally, competition is heating up with RocketMortgage planning to launch an integrated easier home buying/loan approval driven platform, Realogy announcing its intentions to enter the iBuyer space and Redfin also saying it will be diving deeper into the sector, he adds. Although Berning believes Zillow is likely to emerge as a winner, near-term margins could see more pain from competition.

TODAY'S FREE FLY STORIES

IWM

iShares Trust Russell 2000 Index Fund

$157.79

1 (0.64%)

, RUT

Russell 2000 Index

$0.00

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$157.79

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XLB

S&P Select Materials SPDR

$55.68

0.14 (0.25%)

, XLE

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$65.66

0.1 (0.15%)

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XLB

S&P Select Materials SPDR

$55.68

0.14 (0.25%)

XLE

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$65.66

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XLV

Health Care Select Sector SPDR

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XLK

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SPY

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15:21
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RF

Regions Financial

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-0.085 (-0.52%)

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Call spreads in Regions Financial as bullish positions are adjusted »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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UA

Under Armour

$19.57

0.16 (0.82%)

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Under Armour put volume heavy and directionally bearish »

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ABBV

AbbVie

$79.47

0.71 (0.90%)

, AZN

AstraZeneca

$40.78

0.345 (0.85%)

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ABBV

AbbVie

$79.47

0.71 (0.90%)

AZN

AstraZeneca

$40.78

0.345 (0.85%)

BMY

Bristol-Myers

$50.75

0.6 (1.20%)

JNJ

Johnson & Johnson

$136.22

0.82 (0.61%)

MRK

Merck

$80.39

0.57 (0.71%)

PFE

Pfizer

$42.91

0.77 (1.83%)

SNY

Sanofi

$41.10

-0.23 (-0.56%)

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MGA

Magna

$54.61

2.015 (3.83%)

15:04
02/22/19
02/22
15:04
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Downgrade
Magna rating change  »

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  • 22

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LTRPA

Liberty TripAdvisor

$16.20

0.31 (1.95%)

15:04
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Options
Liberty TripAdvisor options imply 4.8% move in share price post-earnings, above median historical move »

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  • 28

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$278.32

0.89 (0.32%)

14:59
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Periodicals
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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.32

0.89 (0.32%)

03/08/13
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14:55
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Fed's Bullard doesn't want to be shrinking the balance sheet and cutting rates »

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ALXN

Alexion

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AGR

Avangrid

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-0.06 (-0.12%)

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  • 26

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SPX

S&P 500

$0.00

(0.00%)

, SPY

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$278.77

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SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$278.77

1.34 (0.48%)

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14:40
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Fed's Quarles confirmed the FOMC's decision to maintain an "ample" reserve balance »

Fed's Quarles…

PDVW

pdvWireless

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5.105 (12.48%)

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14:25
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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MUFG

Mitsubishi UFJ

$5.27

-0.02 (-0.38%)

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OCC issues cease and desist order against MUFG Bank over BSA violation »

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  • 04

    Mar

XOG

Extraction Oil & Gas

$4.64

0.83 (21.78%)

14:13
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Extraction Oil & Gas analyst commentary  »

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