Zillow Group, Inc. (ZG) Q3 Revenue Misses Consensus, to Wind Down Zillow Offers Operations
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Zillow Group (ZG) PT Lowered to $50 at BofA Securities
November 3, 2021 8:44 AM EDTBofA Securities analyst Nat Schindler lowered the price target on Zillow Group (NASDAQ: ZG) to $50.00 (from $85.00) while maintaining a Underperform rating.
... MoreZillow Group (ZG) PT Lowered to $120 at Canaccord Genuity
November 3, 2021 8:19 AM EDTCanaccord Genuity analyst Maria Ripps lowered the price target on Zillow Group (NASDAQ: ZG) to $120.00 (from $165.00) while maintaining a Buy rating.
The analyst commented, "Zillow reported mixed Q3 results, as continued growth and profitability from the core Premier Agent business was partly offset by headwinds for its iBuying... More
Zillow (Z) PT Lowered to $115 at Jefferies
November 3, 2021 7:36 AM EDTJefferies analyst Brent Thill lowered the price target on Zillow (NASDAQ: Z) to $115.00 (from $150.00) while maintaining a Buy rating.
The analyst commented, "A surprise decision to exit iBuying reflects a realization that scaling the business would add earnings volatility at an... More
Zillow Group (ZG) PT Lowered to $85 at Stifel
November 3, 2021 6:40 AM EDTStifel analyst John Egbert lowered the price target on Zillow Group (NASDAQ: ZG) to $85.00 (from $105.00) while maintaining a Hold rating.
The analyst commented, "With its 3Q results, Zillow announced it would be unwinding Zillow Offers over the next several quarters in addition to reducing... More
Zillow Group (ZG) Stock Crashes Again on a Big Q3 Miss and Plans to Wind Down its Offers Business; Several Analysts Downgrade to Neutral
November 3, 2021 6:24 AM EDTShares of Zillow Group (NASDAQ: ZG) are down roughly 16% in pre-open Wednesday after the company reported extremely disappointing Q3 results and announced a major change to its business model.
Zillow reported an adjusted EPS loss of $0.95, a big miss compared to the analyst estimate of a profit of $0.16 per share. Revenue for the quarter came in at $1.74 billion to miss on the $2 billion consensus.
"We've determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet... More
Zillow's (ZG) Abrupt Homes Sales Raise a Lot of Questions Into Earnings Tonight - BofA
November 2, 2021 12:25 PM EDTBofA Securities analyst Nat Schindler weighed in on Zillow Group (NASDAQ: ZG) after the company abruptly sold 7,000 homes to institutional investors for about $2.8 billion, according to a Bloomberg News report. Schindler said the news points to one of two things that make them even more cautious on the company's iBuyer segment and category as a whole:
1) ZG is sufficiently concerned over the... More
