Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Zillow Group, Inc. (Nasdaq: Z)
Key indicators show Zillow is experiencing a rapid decline in web traffic, which is the foundation for the Premier Agent business.
- Key indicators show Zillow is experiencing a rapid decline in web traffic, which is the foundation for the Premier Agent business.
- Spruce Point believes these practices require significant management judgement as some consumers may have multiple commitment letters from different banks/vendors.
- Spruce Point believes Zillow should provide more disclosure around assumptions on the timing and conversion of leads and mortgages.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .