Key Developments: Zillow Inc (Z.O)

Z.O on Nasdaq

131.42USD
10 Jul 2014
Price Change (% chg)

$-1.95 (-1.46%)
Prev Close
$133.37
Open
$128.62
Day's High
$132.49
Day's Low
$124.00
Volume
1,971,133
Avg. Vol
1,966,763
52-wk High
$145.49
52-wk Low
$60.07

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Latest Key Developments (Source: Significant Developments)

Zillow Inc Issues Q1, FY 2013 Revenue Guidance Above Analysts' Estimates; Issues Q1 2013 EBITDA Guidance Below Analysts' Estimates-Conference Call
Wednesday, 13 Feb 2013 05:00am EST 

Zillow Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $36 million to $37 million. EBITDA, is expected to be in the range of $3 million to $3.5 million. For fiscal 2013, it expects revenue of between $165 million and $170 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $34 million and EBITDA of $6.30 million for the first quarter of 2013; revenues of $160 million for fiscal 2013.  Full Article

Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In Class Action Lawsuit Against Zillow Inc
Saturday, 26 Jan 2013 02:30pm EST 

Law Offices of Howard G. Smith announced that investors of Zillow, Inc. (Zillow or the Company) have until January 28, 2013 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Western District of Washington on behalf of a class (the Class) comprising all purchasers of the securities of Zillow between February 15, 2012 and November 6, 2012, inclusive (the Class Period). The Complaint alleges that throughout the Class Period the Company and certain of its executive officers and/or directors failed to disclose that Zillow was having problems signing up new real estate agents as subscribers, in addition to the declining number of existing subscribers, or churn, that the Company was experiencing. The Complaint further alleges that during the Class Period while Zillow shares were trading at artificially inflated prices Company insiders sold more than three million shares of their own Zillow stock, garnering nearly $115 million of proceeds.  Full Article

Levi & Korsinsky Notifies Investors with Losses on Their Investment in Zillow, Inc. of Class Action Lawsuit and Deadline of January 28, 2013 to Seek Lead Plaintiff Position
Wednesday, 23 Jan 2013 06:54pm EST 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the USDC for the Western District of Washington on behalf of investors who acquired Zillow Inc stock between February 15, 2012 and November 6, 2012. The complaint alleges that defendants concealed the difficulties Zillow was having signing up new real estate agents as subscribers and the churn it was experiencing in existing subscribers. As a result, Zillow’s stock traded at artificially inflated prices during which time Company insiders sold more than 3 million shares of their own Zillow stock for nearly $115 million. The Company then raised $156 million through a follow-on offering in September 2012 just thirty days after assuring investors that the filing of a Form S-3 Registration Statement was not intended for a follow-on offering. Then on November 5, 2012, Zillow issued a press release announcing its third quarter 2012 financial results and reducing its fourth quarter and full year 2012 revenue guidance that fell below analysts’ estimates. Furthermore, Zillow announced that it had lost a large display advertiser, Foreclosure.com, and therefore defendants expected weakness in the Company’s display advertising business. These disclosures caused Zillow stock to fall $6.22 per share to close at $28.15 per share on November 6, 2012.  Full Article

Levi & Korsinsky Commences Class Action Lawsuit Against Zillow Inc
Thursday, 17 Jan 2013 05:56pm EST 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the USDC for the Western District of Washington on behalf of investors who acquired Zillow Inc stock between February 15, 2012 and November 6, 2012. The complaint alleges that defendants concealed the difficulties Zillow was having signing up new real estate agents as subscribers and the churn it was experiencing in existing subscribers. As a result, Zillow's stock traded at artificially inflated prices during which time Company insiders sold more than three million shares of their own Zillow stock for nearly $115 million. The Company then raised $156 million through a follow-on offering in September 2012 just thirty days after assuring investors that the filing of a Form S-3 Registration Statement was not intended for a follow-on offering. Then on November 5, 2012, Zillow issued a press release announcing its third quarter 2012 financial results and reducing its fourth quarter and full year 2012 revenue guidance that fell below analysts` estimates. Furthermore, Zillow announced that it had lost a large display advertiser, Foreclosure.com, and therefore defendants expected weakness in the Company's display advertising business. These disclosures caused Zillow stock to fall $6.22 per share to close at $28.15 per share on November 6, 2012.  Full Article

Levi & Korsinsky Commences Class Action Lawsuit On Behalf Of Investors Of Zillow Inc
Wednesday, 9 Jan 2013 06:56pm EST 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the USDC for the Western District of Washington on behalf of investors who acquired Zillow Inc stock between February 15, 2012 and November 6, 2012. The complaint alleges that defendants concealed the difficulties Zillow was having signing up new real estate agents as subscribers and the churn it was experiencing in existing subscribers. As a result, Zillow's stock traded at artificially inflated prices during which time Company insiders sold more than 3 million shares of their own Zillow stock for nearly $115 million. The Company then raised $156 million through a follow-on offering in September 2012 just thirty days after assuring investors that the filing of a Form S-3 Registration Statement was not intended for a follow-on offering.  Full Article

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Zillow Inc
Wednesday, 19 Dec 2012 02:25pm EST 

Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Western District of Washington on behalf of a class (the Class) comprising all purchasers of the common stock of Zillow, Inc. (Zillow or the Company) between February 15, 2012 and November 6, 2012, inclusive (the Class Period). Zillow provides information related to homes, real estate listings and mortgages for homeowners, buyers, sellers, renters and real estate and mortgage professionals in the United States. The Complaint alleges that throughout the Class Period the Company and certain of its executive officers and/or directors failed to disclose that Zillow was having problems signing up new real estate agents as subscribers, in addition to the declining number of existing subscribers, or "churn," that the Company was experiencing. The Complaint further alleges that during the Class Period -- while Zillow shares were trading at artificially inflated prices -- Company insiders sold more than three million shares of their own Zillow stock, garnering nearly $115 million of proceeds. On November 5, 2012 Zillow announced reduced fourth-quarter and full-year 2012 revenue guidance that was below analysts' estimates. The Company disclosed that it expected weakness in Zillow's display advertising business as a result of its loss of a large display advertiser, Foreclosure.com.  Full Article

Levi & Korsinsky, LLP Announces Class Action Against Zillow Inc
Wednesday, 19 Dec 2012 12:39pm EST 

Levi & Korsinsky, LLP announced that a class action lawsuit has been commenced in the USDC for the Western District of Washington on behalf of investors who acquired Zillow, Inc. stock between February 15, 2012 and November 6, 2012 .  Full Article

Zillow Inc Completes Acquisition of HotPads
Friday, 14 Dec 2012 01:18pm EST 

Zillow Inc announced it has completed the acquisition of San Francisco-based HotPads, a map-based rental and real estate search site, for approximately $16 million in cash. The Company announced its plans to acquire HotPads on November 26, 2012.  Full Article

Law Offices of Todd M. Garber Announces Investigation Of Zillow Inc
Wednesday, 12 Dec 2012 09:30pm EST 

Law Offices of Todd M. Garber announced that it is investigating potential claims against Zillow Inc concerning possible violations of federal securities laws. Zillow, through its websites and mobile applications, provides information related to homes, real estate listings and mortgages, which enable homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals in the United States. The investigation is related to allegations that certain statements issued by Zillow between February 15, 2012 and November 6, 2012 failed to disclose that the Company was having problems signing up new real estate agents as subscribers, in addition to the declining number of existing subscribers, or “churn,” that the Company was experiencing. On November 5, 2012 Zillow announced its third quarter 2012 financial results and reduced its fourth quarter and full-year 2012 revenue guidance. The Company further disclosed that it expected weakness in Zillow’s display advertising business as a result of its loss of a display advertiser, Foreclosure.com. Following this news, the price of Zillow stock fell $6.22 per share from the previous day’s closing price, to a closing price of $28.15 per share on November 6, 2012 on extremely heavy trading volume.  Full Article

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Zillow Inc
Tuesday, 11 Dec 2012 03:00am EST 

Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Western District of Washington on behalf of a class comprising all purchasers of the common stock of Zillow, Inc. between February 15, 2012 and November 6, 2012, inclusive (the Class Period). The Complaint alleges that throughout the Class Period the Company and certain of executive officers and/or directors failed to disclose that Zillow was having problems signing up new real estate agents as subscribers, in addition to the declining number of existing subscribers, or churn, that the Company was experiencing. The Complaint further alleges that during the Class Period, while Zillow shares were trading at artificially inflated prices, Company insiders sold more than three million shares of their own Zillow stock, garnering nearly $115 million of proceeds.  Full Article

Zillow reports surprise profit as paid users increase

- Real estate website operator Zillow Inc reported a surprise quarterly profit as more people signed up to rent, sell or mortgage properties, and forecast higher-than-expected revenue in the current quarter.

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