ZIPR zipRealty Inc. featured news, full reports, and detailed charts
zipRealty Inc. (ZIPR) Wrap Up:
ZipRealty, Inc. operates as a real estate brokerage firm in the United States. The company provides brokerage services to buyers and sellers, which include showing properties to its buyers, and listing and marketing properties on behalf of its sellers, as well as negotiating, advisory, transaction processing, and closing services through its employee-agents. Through its Web site, registered users can access information and tools to research and commence the process of buying or selling a home, including direct access to comprehensive local multiple listing services; and home listings data, such as asking prices, home layouts, and other features. The company also provides information, includi...zipRealty Inc. (ZIPR:NASDAQ)
Snapshot of zipRealty Inc. (ZIPR)
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OPEN
$4.07
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PREVIOUS CLOSE
$4.09
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DAY HIGH
$4.10
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DAY LOW
$4.07
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52 WEEK HIGH
09/17/09 - $4.35
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52 WEEK LOW
03/11/09 - $2.01
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MARKET CAP
83.8M
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AVERAGE VOLUME 3 mo
13.3K
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DILUTED EPS TTM
$-0.67
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SHARES OUTSTANDING
20.4M
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ZIPR Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
The supply of homes for sale is at a nine-year high, and housing inventories across the U.S. are swelling dangerously
ZIPR Top Compensated Officers
Executives, Board Directors
Key developments for zipRealty Inc. (ZIPR)
zipRealty Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter, the company reported net revenues were $35.4 million, a 12.8% increase from the $31.4 million reported in the third quarter last year. The company's net loss for the period was $0.8 million or $0.04 per share, compared to a net loss of $1.7 million, or $0.08 per share, in the year-ago period. Pro forma net income was $144,000 or $0.01 per diluted share compared to $680,000 or $0.03 per diluted share for the same period a year ago. The company reported loss from operations of $903,000 and loss before income taxes of $779,000 compared to loss from operations of $2.24 million and loss before income taxes of $1.7 million for the same period in 2008. For the nine months ended September 30, 2009, the company reported net loss of $10.76 million or $0.53 per basic and diluted share on net revenues of $89.21 million compared to net loss of $10.62 million or $50 per basic and diluted share on net revenues of $82.4 million for the same period a year ago. Pro forma net income was $7.76 million or $0.38 per diluted share compared to $7.1 million or $0.34 per diluted share for the same period a year ago. The company reported loss from operations of $11.4 million and loss before income taxes of $10.76 million compared to loss from operations of $12.76 million and loss before income taxes of $10.62 million for the same period in 2008. Net cash used in operating activities was $3.86 million compared to $9.5 million for the same period a year ago. The company anticipates the revenues for the full-year 2009 are expected to grow in the upper-single to low double digits over 2008 levels. The company expects the 2009 full-year GAAP net loss to be narrower than the 2008 net loss of $14.7 million, excluding legal settlement.
zipRealty Inc. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).
zipRealty Inc., Q3 2009 Earnings Call, Nov-03 2009
ZIPR Competitors
| Company | Last | Change |
| IAC InterActiveCorp | $19.41 USD | -0.20 |
| Market Leader Inc | $1.90 USD | +0.05 |
| Move Inc | $1.66 USD | +0.02 |
| Tree.com Inc | $7.02 USD | -0.01 |
| Webdigs Inc | $0.10 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ZIPR | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.7x |
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| Price/Book | 1.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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ZIPR |
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ZIPR transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About zipRealty Inc.
More news for ZIPR
Hottest Markets for Home Sales Begin to Diversify, According to ZipRealty Q3 2009 "Home Hunter Report"
EMERYVILLE, CA--(Marketwire - 10/27/09) - The country's top ten ZIP codes for home sales based on sales-to-list price ratio have diversified significantly this quarter, according to national real estate brokerage ZipRealty's (NASDAQ:ZIPR - News) Q3 "Home Hunter Report." � -- Phoenix (85035) and neighboring Glendale (85307) join four California ZIP codes -- San Diego's Rancho Bernardo (92127), Los Angeles proper (90022) and its Arleta district (91331) and Oakland (94608) this quarter. -- Southern Florida's Davie (33328), Dallas/Forth Worth's Grand Prairie (75050), Greater Seattle's Everett (98205) and New York's Whitestone, Queens (11357) round out the top ten list. These are the areas where sellers are fetching the highest offers (measured by sales-to-list price ratio) among 33 markets served by ZipRealty.On the cold end of the spectrum, where sellers are accepting on average 70 to 80 cents on the dollar, six of the 10 ZIP codes selling the most below asking price based on sales-to-list price ratio are located in Florida for the second consecutive quarter -- Jacksonville (32209), Miami Beach (33140), Palm Beach (33480), Miami (33183), North Miami (33181) and North Fort Myers (33903). New Hope, Pa., (18938), Denton, Texas (76208), Georgia's Stone Mountain (30083) and once again Atlanta (30326) join the Florida ZIP codes to round out the coldest markets for the third quarter.Also according to the report released today, Phoenix and four nearby cities -- Scottsdale, Chandler, Gilbert and Mesa -- continue to ran...Click here to read the whole Article (external link)
ZIPREALTY INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for ZIPREALTY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ZIPREALTY INC 3-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is...Click here to read the whole Article (external link)
Q3 2009 ZipRealty Inc. Earnings Release - 4:00 pm ET
Earnings Announcements for Tuesday, November 3CompanySymbolTimeConferenceCall3D SystemsTDSCAfter Market CloseListenAbengoaABG.MC11:45 pm ETListenAcorda TherapeuticsACORBefore Market OpenListenAECON GROUP INCARE.TOAfter Market CloseAGA Medical Holdings, Inc.AGAMAfter Market CloseListenAllis-Chalmers Energy Inc.ALYBefore Market OpenAllos Therapeutics, Inc.ALTHAfter Market CloseListenAlpha Natural Resources, Inc.ANRBefore Market OpenAmerican Capital Ltd.ACASAfter Market CloseListenAmerican Tower Corp.AMT07:00 am ETListenAmeriSourceBergenABCBefore Market OpenListenAMICAS INCAMCSAfter Market CloseAMTRUST FINANCIAL SERVICES INCAFSIAfter Market CloseANIMAL HEALTH INTERNATIONAL INCAHIITime Not SuppliedAnoto Group ABAOTOF.PK02:30 am ETAnworth Mortgage Asset...Click here to read the whole Article (external link)
ZipRealty Announces Third Quarter 2009 Results
ZipRealty, Inc. Consolidated Statements of Operations (unaudited) (in thousands, except per share amounts and operating data)   Three Months Ended  Nine Months Ended September 30, September 30, 2009  2008 2009  2008  Net transaction revenues $ 34,647 $ 30,769 $ 87,701 $ 80,760 Referral and other revenues  712   583   1,504  ...Click here to read the whole Article (external link)
New Star Analyst Rankings for ZipRealty, Inc.
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
ZipRealty Inc. Earnings Call scheduled for 5:00 pm ET today
Call DetailsZipRealty Inc. Earnings Conference Call (Q3 2009)Tue, Nov 3, 2009, 5:00 pm EasternAbout ZipRealty Inc. (NasdaqGM:ZIPR)ZipRealty, Inc., a residential real estate brokerage company, together with its subsidiaries, provides brokerage services to home buyers and sellers in the United States. The company, through its Website ziprealty.com, provides multiple listing services (MLSs) access for home listings data, including pictures from the local MLSs; schedule visits of properties; and ZipNotify, a consumer Website tool to receive an automatic email notification each time a property that meets consumers desired search criteria is made available on the local MLSs. Its Website also offers neighborhood data and related information, such as new home listings, population, comparable home sales, average income, education level, occupation mix, cost of living, crime statistics, weather, school district information, maps, and driving directions; online images and virtual tours; and home offers by clients. The company also operates ZipAgent Platform (ZAP), a Web-based system to automatically match users with local ZipAgents to market and assist in showing properties to buyers, and listing and marketing properties on behalf of sellers, as well as assisting in negotiating, advisory, transaction processing, and closing activities. Its ZAP technology also systematically integrates and records consumer behavior, such as logon frequency and times, specific homes viewed and printed, searches made by clients, requested visits to view a home, and online offers; and ZipAgent activities, such as frequency and length of ZipAgent logins, and capturing and storing email communications organized by client. The company offers its services through employee-agents in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachuset...Click here to read the whole Article (external link)
Four of Every 10 Sellers Reduced Home Prices in October According to ZipRealty
EMERYVILLE, CA--(Marketwire - 11/06/09) - More than four of every 10 homes listed for sale (43.5 percent), across 27 major U.S. housing markets reduced their listing prices in October, according to a report of homes listed on Multiple Listing Services (MLS) in the markets surveyed by ZipRealty (NASDAQ:ZIPR - News), a national real estate brokerage. This is down slightly from September. According to the survey, MLS-listed properties with reduced prices have had their prices cut an average of twice, but sellers are not knocking quite as much off as they did earlier this year. Home owners slashed listing prices by an average of $24,718 in October, just slightly less than the average reduction of $24,960 in September.The median list price across all 27 markets decreased slightly to $281,416, down 2.02 percent compared to September.Other highlights of the brokerage's monthly survey of price reduction data include:� -- Miami-area (Ft. Lauderdale/Palm Beach) homeowners reduced list prices by the largest percentage at 15.7 percent or $40,000 on average -- Homeowners in Raleigh-Durham reduced prices by the smallest percentage at 4.6 percent or $11,000 on average -- Of the markets studied, those with the highest percentage of price- reduced homes are Jacksonville (50.9 percent), Orlando (50.1 percent) and Chicago (50.1 percent) -- Markets with the lowest percentage of price-reduced homes are Denver (31.1 percent), Los Angeles (33.6 percent), Sacramento (36.4 percent) and San Diego (35.7 perce...Click here to read the whole Article (external link)
Number of Home Listings Declines Nearly Three Percent in October, According to ZipRealty
EMERYVILLE, CA--(Marketwire - 11/05/09) - The number of home listings within 27 major U.S. metropolitan areas slipped 2.82 percent in October 2009, compared to a month prior, and is down 28.65 percent compared to a year ago, according to a survey of home listings information provided by MLS in these markets conducted by the national real estate brokerage ZipRealty (www.ziprealty.com) (NASDAQ:ZIPR - News). October also marked the sixteenth consecutive month-over-month decline in the total number of home listings, based on combined Multiple Listing Service (MLS) data from these 27 areas where ZipRealty operates.Other highlights from ZipRealty's October Housing Inventory Index (http://ziprealty.typepad.com/marketconditions) include:� -- The combined number of MLS-listed single family homes and condos within all 27 major U.S. markets in October totaled 593,794, down from 611,026 in September. -- Two Arizona markets experienced an increase in inventory in October compared to September, as Phoenix inventory increased by 4 percent and Tucson inventory increased by 2 percent. -- Markets ...Click here to read the whole Article (external link)
ZIPREALTY INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations: The following discussion should be read together with our financial statements and related notes appearing elsewhere in this report. This discussion contains forward-looking statements based upon current expectations that involve numerous risks, uncertainties and assumptions. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including but not limited to those described under "Risk Factors" and elsewhere in this report. Except as otherwise required by law, we do not intend to update any information contained in these forward-looking statements. OVERVIEW General We are a full-service residential real estate brokerage firm and operator of a leading website and other online services focused on residential real estate. We use our user-friendly website and local real estate agents to provide homebuyers and sellers with high-quality service and value. Our website provides users with access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information. Our proprietary business management system and technology platform help to improve agent productivity and reduce costs, allowing us to pass on significant savings to consumers as permitted by law. We typically share a portion of our commissions with our buyer clients in the form of a cash rebate, and typically represent our seller clients at fees below those offered by most traditional brokerage companies in our markets. Generally, our seller clients pay a Table of Contents total brokerage fee of 4.5% to 5.0% of the transaction value, of which 2.5% to 3.0% is paid to agents representing buyers. In two of the states in which we operate, New Jersey and Oregon, the payment of cash rebates is not currently permitted by law. In lieu of offe...Click here to read the whole Article (external link)
ZIPREALTY INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue35,359 32,134 21,712 25,050 Cost of Revenue20,273 18,909 13,834 15,293 Gross Profit15,086 13,225 7,878 9,757 Operating ExpensesResearch Development2,239 2,344 2,312 2,191 Selling General and Administrative13,750 13,515 13,423 12,721 Non Recurring - - - (1,980)Others - - - - Total Operating Expenses - - - - Operating Income or Loss(903)(2,634)(7,857)(3,175)Income from Continuing OperationsTotal Other Income/Expenses Net124 201 309 457 Earnings Before Interest And Taxes(779)(2,433)(7,548)(2,718)Interest Expense - - - - Income Before Tax(779)(2,433)(7,548)(2,718)Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops(779)(2,433)(7,548)(2,718)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - ...Click here to read the whole Article (external link)
