Zillow Group Reports Third Quarter 2016 Results
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Needham & Company Remains Bullish on Zillow Group, Inc. (ZG) Following 3Q Release and Guidance
November 2, 2016 8:43 AM EDTNeedham & 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
RBC Capital Reiterates Outperform on Zillow Group, Inc. (ZG) Following Earnings Report
November 2, 2016 8:02 AM EDTRBC 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
Zillow Group (ZG) PT Cut to $31 at Susquehanna on Mediocre 3Q and Soft Outlook
November 2, 2016 6:54 AM EDTSusquehanna 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... More