Benchmark Maintains a 'Buy' on Zillow (Z); Increases Across The Board; Raising Numbers
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Price: $55.86 -3.04%
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade Z Now!
Benchmark maintains a 'Buy' on Zillow (NASDAQ: Z) price target raised from $40 to $44.
Analyst, Zillow reported strong 1Q12 results. Zillow’s Premier Agent program remains the driver, with revenue up 141% y/y, driven by a 74% increase in subscribers. Zillow is increasing investments; a sound strategy to protect its first-mover advantage."
"2Q11 guidance projects increased investments in engineering, advertising and sales force expansion. We believe these investments are warranted to protect Zillow’s first mover advantage. We project increased revenue and investment. We estimate 2Q12 revenue of $27 million, up 70% y/y, with EBITDA of $4.2 million. For 2012, we estimate revenue of $111 million, up 68% y/y, and EBITDA of $22 million, up 82%."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $36.10 yesterday, with a 52 week range of $21.22-$60.00.
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Analyst, Zillow reported strong 1Q12 results. Zillow’s Premier Agent program remains the driver, with revenue up 141% y/y, driven by a 74% increase in subscribers. Zillow is increasing investments; a sound strategy to protect its first-mover advantage."
"2Q11 guidance projects increased investments in engineering, advertising and sales force expansion. We believe these investments are warranted to protect Zillow’s first mover advantage. We project increased revenue and investment. We estimate 2Q12 revenue of $27 million, up 70% y/y, with EBITDA of $4.2 million. For 2012, we estimate revenue of $111 million, up 68% y/y, and EBITDA of $22 million, up 82%."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $36.10 yesterday, with a 52 week range of $21.22-$60.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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