What’s Next for Zillow Group, Inc. After Today’s Bearish Options Activity?

 What's Next for Zillow Group, Inc. After Today's Bearish Options Activity?

In today’s session Zillow Group, Inc. (Z) recorded an unusually high (657) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious Z decrease. With 657 contracts traded and 76564 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: Z170120P00035000 closed last at: $1.25 or 19.4% down. About 38,413 shares traded hands. Zillow Group, Inc. (NASDAQ:Z) has risen 48.65% since April 22, 2016 and is uptrending. It has outperformed by 43.24% the S&P500.

Analysts await Zillow Group, Inc. (NASDAQ:Z) to report earnings on February, 9. They expect $0.14 earnings per share, up 207.69% or $0.27 from last year’s $-0.13 per share. Z’s profit will be $17.13 million for 65.23 P/E if the $0.14 EPS becomes a reality. After $0.03 actual earnings per share reported by Zillow Group, Inc. for the previous quarter, Wall Street now forecasts 366.67% EPS growth.

Zillow Group, Inc. (NASDAQ:Z) Ratings Coverage

Out of 6 analysts covering Zillow Inc (NASDAQ:Z), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $105 is the highest target while $20 is the lowest. The $45.13 average target is 23.54% above today’s ($36.53) stock price. Zillow Inc has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Sector Perform” rating and $92 target price in Wednesday, August 5 report. Morgan Stanley maintained the shares of Z in a report on Thursday, July 14 with “Overweight” rating. Cowen & Co upgraded Zillow Group, Inc. (NASDAQ:Z) on Wednesday, May 4 to “Market Perform” rating. The firm has “Buy” rating by Benchmark given on Wednesday, November 4. The firm has “Overweight” rating by Stephens given on Wednesday, August 26. The rating was maintained by Benchmark on Wednesday, August 5 with “Buy”. The rating was initiated by Susquehanna on Monday, August 10 with “Neutral”. RBC Capital Markets maintained Zillow Group, Inc. (NASDAQ:Z) on Wednesday, November 4 with “Sector Perform” rating. On Friday, July 31 the stock rating was downgraded by Cowen & Co to “Underperform”. Macquarie Research maintained the stock with “Neutral” rating in Thursday, August 6 report.

According to Zacks Investment Research, “Zillow Group, Inc. offers real estate and home-related brands on mobile and web. The company’s brands focus on home lifecycle consists of renting, buying, selling, financing and home improvement. Its real estate and rental marketplaces of consumer brands includes Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company also works with real estate agents, lenders and rental professionals. Its business brands for real estate, rental and mortgage professionals, including Postlets(R), Mortech(R), Diverse Solutions(R), Market Leader(R) and Retsly(TM). Zillow Group, Inc. is headquartered in Seattle.”

Z Company Profile

Zillow Group, Inc., incorporated on July 25, 2014, operates the real estate and home-related information marketplaces on mobile and the Web, with a portfolio of brands and products to help people find information about homes and connect with local professionals. The Company’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. The Company’s portfolio of consumer brands includes Zillow, Trulia, StreetEasy, Bridge Interactive and HotPads. In addition, it provides advertising services to real estate agents and rental and mortgage professionals. The Firm also owns and operates a number of brands that offer technology solutions to real estate, rental and mortgage professionals, including DotLoop, Mortech, Diverse Solutions and Retsly. The Company’s database includes over 110 million homes in the United States, including homes for sale, homes for rent and homes not on the market.

More news for Zillow Group, Inc. (NASDAQ:Z) were recently published by: Fool.com, which released: “Zillow Group, Inc. Turns the Key to a Strong Beat and Raise” on November 02, 2016. Prnewswire.com‘s article titled: “Zillow Group Gives Listing Agents a “Boost” With New Ads; Expands Reach of …” and published on October 27, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment