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ZG - Zillow Inc News Story

$113.87 -5.5  -4.6%

Last Trade - 9:00pm

Large Cap
Market Cap £21.16bn
Enterprise Value £19.42bn
Revenue £2.46bn
Position in Universe 439th / 6855

BUZZ-Zillow Group: Rises on upbeat Q4 revenue, plans to acquire ShowingTime

Thu 11th February, 2021 11:17am
** Shares of online real estate platform  ZG.O  up 8.8% at
$186.75 premarket - set to open at record high, if gains hold
    ** ZG beat Q4 revenue estimates on Wednesday, driven by
strong housing demand in the United States
    ** Co posted Q4 revenue of $789 mln vs $741 mln as estimated
by analysts - Refinitiv data
    ** Co to also acquire ShowingTime.com Inc, an online
scheduling platform for home showings, for $500 mln as part of
scaling its technology tools amid active social-distancing norms
    ** At least four brokerages hike PT on stock between range
of $200 to $220 
    ** Strong U.S. housing market and increased adoption of
tech-powered tools positions the co as the dominant U.S. online
real estate portal, says Jefferies
    ** Avg rating of 22 analysts covering the stock is "buy", 
median PT is $159
    ** Up to Wednesday's close, stock up 26.3% YTD

 (Reporting by Chavi Mehta in Bengaluru)
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