Morgan Stanley Remains a Hold on Zillow Group Class C (Z)

In a report released today, Brian Nowak from Morgan Stanley maintained a Hold rating on Zillow Group Class C (ZResearch Report), with a price target of $40.00. The company’s shares opened today at $42.97.

Nowak covers the Technology sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Pinterest. According to TipRanks, Nowak has an average return of 2.4% and a 56.05% success rate on recommended stocks.

Zillow Group Class C has an analyst consensus of Moderate Buy, with a price target consensus of $41.75.

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Based on Zillow Group Class C’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $483 million and a GAAP net loss of $53 million. In comparison, last year the company earned a revenue of $550 million and had a GAAP net loss of $329 million

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of Z in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zillow Group, Inc. is an online real estate marketplace. The company engages in providing information about residential homes, real estate listings and mortgages on its mobile application and website.Its platform offers renting, buying, selling, and financing services for residential real estate across the United States. Additionally, the company provides advertising services and marketing software and technology solutions.

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