Zillow Group Inc (NASDAQ:Z), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and Web, announced the Miami Association of REALTORS® has signed a new distribution agreement with Zillow and Trulia. The Miami Association of REALTORS® is the largest local association in the nation, representing more than 36,000 members in Southeast Florida.
“South Florida is an extremely attractive and affordable market – it’s getting a lot of interest from foreign and domestic home buyers alike,” said Errol Samuelson, Zillow® Group chief industry development officer. “We are very pleased to have reached an agreement with the Miami Association of REALTORS® to bring their listings directly to Zillow and Trulia. Now, their members have the opportunity to market their listings to the more than 140 million monthly unique users who visit Zillow Group’s consumer brands 1, with the added security of ensuring their listings reflect exactly what’s in the MLS.”
“Miami is one of the leading global cities worldwide and continues to attract new residents and second home buyers and investors from the U.S. and internationally, so it is extremely important that we facilitate marketing and exposure for our members and their properties,” said Miami CEO Teresa King Kinney. “Our association and MLS is pleased to offer this easy platform for our brokers to make their listing distribution choice, add their company preferences and be assured of the accuracy of the data being sent.”
Members of the Miami Association of REALTORS® are able to manage their listings through the newly-launched Zillow Data Dashboard on Clareity Direct Connections Platform.
Through the Zillow Partnership Platform, real estate agents will be prominently displayed as the listing agent on all of their listings and be able to receive leads directly and at no cost from Zillow Group sites. Brokerages will receive attribution, branding, a link back directly to their websites and have daily reporting access. (Original Source)
Shares of Zillow closed yesterday at $85.71 . Z has a 1-year high of $164.90 and a 1-year low of $81.07. The stock’s 50-day moving average is $93.07 and its 200-day moving average is $102.36.
On the ratings front, Zillow has been the subject of a number of recent research reports. In a report issued on June 15, Oppenheimer analyst Jason Helfstein reiterated a Hold rating on Z. Separately, on May 13, Cowen’s John Blackledge maintained a Hold rating on the stock and has a price target of $90.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jason Helfstein and John Blackledge have a total average return of 9.2% and -0.2% respectively. Helfstein has a success rate of 53.9% and is ranked #390 out of 3629 analysts, while Blackledge has a success rate of 50.0% and is ranked #2748.
In total, 5 research analysts have assigned a Hold rating and 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $127.60 which is 48.9% above where the stock closed yesterday.
Zillow Group Incoperates the real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products to help people find vital information about homes and connect with local professionals.