Wedbush reissued their hold rating on shares of Zillow Group (NASDAQ:ZG) in a research note published on Wednesday morning, The Fly reports. The firm currently has a $30.00 target price on the technology company’s stock.

ZG has been the topic of several other reports. Deutsche Bank cut their target price on Zillow Group from $45.00 to $39.00 and set a hold rating on the stock in a research report on Monday, November 5th. Craig Hallum reissued a hold rating and issued a $45.00 target price on shares of Zillow Group in a research report on Tuesday, August 7th. They noted that the move was a valuation call. Benchmark cut their target price on Zillow Group from $60.00 to $45.00 and set a buy rating on the stock in a research report on Wednesday. ValuEngine raised Zillow Group from a sell rating to a hold rating in a research report on Tuesday, October 23rd. Finally, Jefferies Financial Group upped their target price on Zillow Group from $60.00 to $76.00 and gave the company a hold rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $43.65.

Shares of ZG traded up $0.89 during midday trading on Wednesday, hitting $30.45. 998,408 shares of the company’s stock traded hands, compared to its average volume of 971,864. Zillow Group has a 1 year low of $29.00 and a 1 year high of $65.42. The company has a current ratio of 11.72, a quick ratio of 8.13 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%. The firm had revenue of $343.09 million during the quarter, compared to analyst estimates of $343.73 million. As a group, analysts forecast that Zillow Group will post -0.14 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in ZG. Elmwood Wealth Management Inc. acquired a new stake in shares of Zillow Group during the 3rd quarter valued at about $150,000. Engineers Gate Manager LP acquired a new stake in shares of Zillow Group during the 3rd quarter valued at about $208,000. First Capital Advisors Group LLC. acquired a new stake in shares of Zillow Group during the 2nd quarter valued at about $223,000. Strs Ohio acquired a new stake in shares of Zillow Group during the 2nd quarter valued at about $248,000. Finally, Lourd Capital LLC acquired a new stake in shares of Zillow Group during the 3rd quarter valued at about $281,000. 25.73% of the stock is currently owned by institutional investors.

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 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 (NASDAQ:ZG)

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