Zillow Group Inc Class A (NASDAQ:ZG) received a $60.00 price target from Canaccord Genuity in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the technology company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 34.92% from the company’s current price.

A number of other equities analysts have also recently issued reports on ZG. Goldman Sachs Group cut shares of Zillow Group Inc Class A from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Monday, June 18th. Zacks Investment Research upgraded shares of Zillow Group Inc Class A from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Bank of America boosted their price objective on shares of Zillow Group Inc Class A from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, June 11th. DA Davidson set a $52.00 price objective on shares of Zillow Group Inc Class A and gave the company a “hold” rating in a research report on Tuesday, August 7th. Finally, Jefferies Financial Group decreased their price objective on shares of Zillow Group Inc Class A from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Zillow Group Inc Class A has a consensus rating of “Hold” and a consensus price target of $51.06.

Shares of NASDAQ:ZG opened at $44.47 on Friday. The firm has a market capitalization of $8.94 billion, a P/E ratio of 296.47 and a beta of 0.93. Zillow Group Inc Class A has a 52 week low of $37.96 and a 52 week high of $65.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 8.13 and a current ratio of 8.18.

Zillow Group Inc Class A (NASDAQ:ZG) last issued its earnings results on Monday, August 6th. The technology company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.19. The company had revenue of $325.25 million for the quarter, compared to analysts’ expectations of $325.52 million. Zillow Group Inc Class A had a negative net margin of 7.54% and a positive return on equity of 0.23%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. equities analysts forecast that Zillow Group Inc Class A will post -0.14 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Zillow Group Inc Class A during the first quarter valued at about $183,000. First Capital Advisors Group LLC. purchased a new position in shares of Zillow Group Inc Class A during the second quarter valued at about $223,000. Strs Ohio purchased a new position in shares of Zillow Group Inc Class A during the second quarter valued at about $248,000. Sei Investments Co. increased its position in shares of Zillow Group Inc Class A by 204.0% during the first quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock valued at $280,000 after buying an additional 3,474 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Zillow Group Inc Class A by 805.9% during the first quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock valued at $283,000 after buying an additional 4,666 shares during the period. Institutional investors own 25.63% of the company’s stock.

About Zillow Group Inc Class A

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 consumers 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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Analyst Recommendations for Zillow Group Inc Class A (NASDAQ:ZG)

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