Zillow Stock Rises As Low-Spending Agents Exit

By | August 5, 2015

Scalper1 News

Zillow (Z)shares rose Wednesday after the online real estate website reported Q2 revenue above analyst expectations late Tuesday, along with a much smaller-than-expected net loss per share. But Zillow also collected two price target cuts after giving soft Q3 guidance and reporting hiccups as it moves to change its real estate agent mix. RBC Capital cut its price on Zillow stock to 92 from 103, while Benchmark lowered its price target to 105 from Scalper1 News

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