Zillow Inc logo

ZG - Zillow Inc News Story

$113.87 -5.5  -4.6%

Last Trade - 9:00pm

Sector
Financials
Size
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
globally
    ** 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)
 ((Chavi.mehta@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.