UPDATE: Citi Starts Zillow (Z) at Neutral
Tweet
Share
E-mailGet Alerts Z Hot Sheet
Price: $30.54 +0.13%
Rating Summary:
17 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 54
Rating Summary:
17 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 54
Join SI Premium – FREE
(Updated - July 10, 2013 8:24 AM EDT)
Citi initiates coverage on Zillow (NASDAQ: Z) with a Neutral.
Analyst Mark May comments, "Generally bullish on the category and on Zillow's positioning, but at these levels (7x EV/CY14 rev, 47x EV/CY14 EBITDA) the stock could trade sideways during this investment cycle (due to an increase in brand marketing spend, oper margin in CY13 is now forecasted at half CY12 levels)."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $59.97 yesterday.
Citi initiates coverage on Zillow (NASDAQ: Z) with a Neutral.
Analyst Mark May comments, "Generally bullish on the category and on Zillow's positioning, but at these levels (7x EV/CY14 rev, 47x EV/CY14 EBITDA) the stock could trade sideways during this investment cycle (due to an increase in brand marketing spend, oper margin in CY13 is now forecasted at half CY12 levels)."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $59.97 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rosenblatt Starts CoreWeave (CRWV) at Buy
- Zillow launches a personalized hub that guides home buyers from first search to closing
- AmerX Starts Kodiak AI (KDK) at Hold
Create E-mail Alert Related Categories
New CoverageRelated Entities
CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
