Stock Track | Zillow Plummets 9.56% Intraday on Mixed Earnings and Multiple Analyst Price Target Cuts

Stock Track
Feb 11

Zillow Group's stock plummeted 9.56% during intraday trading on Wednesday, following the company's release of mixed fourth-quarter financial results and subsequent price target reductions by multiple analysts.

The residential real estate platform reported quarterly results after the market closed on Tuesday, with revenue of $654 million exceeding analyst estimates but adjusted earnings per share of 39 cents falling short of expectations. While the company provided first-quarter revenue guidance that surpassed estimates, the earnings miss triggered negative sentiment among investors.

Following the earnings release, numerous analysts cut their price targets on Zillow shares, including Bernstein, BofA Global Research, Piper Sandler, Barclays, JP Morgan, Wells Fargo, UBS, Canaccord, and D.A. Davidson. The collective downgrades created substantial selling pressure on the stock during the trading session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10