Zillow Group Reports Third Quarter 2016 Results
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Go back to Zillow Group Reports Third Quarter 2016 Results
November 2, 2016 8:43 AM EDT
Needham & Company reiterated a Buy rating and $40.00 price target on Zillow Group, Inc. (NASDAQ: ZG) following the company's 3Q earnings report. Zillow delivered total revenue of $224.6M, ahead of consensus of $221.0 driven primarily by growth in the Premier Agent business. Management raised the FY16 revenue guidance to... More
November 2, 2016 8:02 AM EDT
RBC Capital reiterated an Outperform rating and $42.00 price target on Zillow Group (NASDAQ: ZG) following the company's 3Q earnings report. Revenue of $225MM beat the Street's estimates by 2% with an upside in both Marketplace and Display Revenue. ZG maintained its Q4 EBITDA... More
November 2, 2016 6:54 AM EDT
Susquehanna analyst Shyam Patil reiterated a Neutral rating and lowered his price target on Zillow Group (NASDAQ: ZG) to $31.00 (from $35.00) on a mediocre Q3 and soft outlook.
Patil Highlighted:
Our thoughts going forward and upcoming catalysts. We reiterate our Neutral due to: 1) the lofty valuation (~7x EV/sales, which is the third highest in our group); and 2) mediocre...
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