Favorable Press Coverage Somewhat Unlikely to Affect Zillow Group (Z) Stock Price

News headlines about Zillow Group (NASDAQ:Z) have been trending positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zillow Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.7462905633597 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Z has been the topic of several research reports. Canaccord Genuity boosted their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BidaskClub downgraded shares of Zillow Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $47.44.

Shares of Zillow Group (Z) traded down $0.95 during trading on Friday, reaching $40.18. 651,240 shares of the company’s stock traded hands, compared to its average volume of 772,065. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group has a 1 year low of $32.56 and a 1 year high of $51.23.

In other news, CEO Spencer M. Rascoff sold 141,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $39.54, for a total transaction of $5,594,910.00. Following the transaction, the chief executive officer now directly owns 73,279 shares in the company, valued at $2,897,451.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 1,589 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $40.72, for a total transaction of $64,704.08. Following the transaction, the insider now owns 93,243 shares in the company, valued at $3,796,854.96. The disclosure for this sale can be found here. Insiders have sold 549,694 shares of company stock worth $22,112,319 over the last ninety days. Insiders own 21.72% of the company’s stock.

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About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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