Investment analysts at Pacific Crest upped their target price on shares of Zillow (NYSE: Z) from $48.00 to $60.00 in a note issued to investors on Wednesday.
Zillow traded up 0.51% on Wednesday, hitting $50.93. Zillow has a 1-year low of $23.00 and a 1-year high of $53.55. The stock’s 50-day moving average is currently $40.8. The company has a market cap of $1.729 billion and a price-to-earnings ratio of 281.50.
Zillow last released its earnings data on Wednesday, February 13th. The company reported $0.02 EPS for the quarter. The company had revenue of $34.30 million for the quarter, compared to the consensus estimate of $31.47 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 72.4% on a year-over-year basis. Analysts expect that Zillow will post $0.33 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. initiated coverage on shares of Zillow in a research note to investors on Friday, March 8th. They set a “buy” rating and a $60.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Zillow from a “sell” rating to a “hold” rating in a research note to investors on Friday, February 15th. Finally, analysts at Barclays Capital raised their price target on shares of Zillow from $32.00 to $37.00 in a research note to investors on Thursday, February 14th. They now have an “equal weight” rating on the stock.
Six analysts have rated the stock with a buy rating, and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “overweight” and an average price target of $46.00.
Zillow, Inc. (Zillow) is a real estate information marketplace. The Company provides information about homes, real estate listings and mortgages, through its Website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals.
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