Added to YB: 2024-03-18
Pitch date: 2024-03-05
Z [bearish]
Zillow Group, Inc.
+13.29%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Zillow Group operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions in the United States.
Market Cap
$10.4B
Pitch Price
$52.52
Price Target
23.00 (-49%)
Dividend
N/A
EV/EBITDA
108.76
P/E
481.11
EV/Sales
3.71
Sector
Real Estate Management and Development
Category
value
Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Zillow Group, Inc. (Nasdaq: Z)
Z: Spruce Point sees 40-60% downside to $23-35 on core biz pressures (traffic decline, litigation risks), Homes.com threat, aggressive accounting (premature rev rec, SBC), poor governance. Unwarranted premium to peers as growth initiatives face headwinds.
Read full article (7 min)