Zillow Group, Inc. (ZG) Given Average Recommendation of “Hold” by Brokerages
Zillow Group, Inc. (NASDAQ:ZG) has earned an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $47.31.
Several equities analysts recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 price target on shares of Zillow Group in a report on Wednesday, November 8th. Barclays increased their target price on Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. JMP Securities increased their target price on Zillow Group from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Royal Bank of Canada increased their target price on Zillow Group from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, Macquarie started coverage on Zillow Group in a research note on Monday, September 25th. They issued a “neutral” rating on the stock.
Shares of Zillow Group (NASDAQ ZG) traded up $1.18 during mid-day trading on Thursday, hitting $41.57. The stock had a trading volume of 347,036 shares, compared to its average volume of 436,280. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group has a 12 month low of $32.63 and a 12 month high of $50.91.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.57 million. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. equities analysts predict that Zillow Group will post -0.04 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of ZG. Janus Henderson Group PLC acquired a new stake in Zillow Group during the 2nd quarter worth approximately $32,613,000. State of Wisconsin Investment Board lifted its holdings in Zillow Group by 88.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock worth $29,569,000 after purchasing an additional 283,536 shares during the last quarter. Caledonia Private Investments Pty Ltd lifted its holdings in Zillow Group by 2.1% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 13,909,042 shares of the technology company’s stock worth $558,448,000 after purchasing an additional 280,132 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Zillow Group during the 2nd quarter worth approximately $12,532,000. Finally, Balyasny Asset Management LLC acquired a new stake in Zillow Group during the 2nd quarter worth approximately $5,101,000. Institutional investors own 25.40% of the company’s stock.
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Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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