ValuEngine lowered shares of Zillow Group (NASDAQ:ZG) from a buy rating to a hold rating in a report issued on Saturday, ValuEngine reports.

Several other research analysts also recently weighed in on ZG. Bank of America upped their target price on Zillow Group from $31.00 to $35.00 and gave the stock an underperform rating in a research note on Friday, May 10th. Jefferies Financial Group upped their target price on Zillow Group from $36.00 to $40.00 and gave the stock a hold rating in a research note on Friday, May 10th. Canaccord Genuity reduced their target price on Zillow Group from $52.00 to $50.00 and set a buy rating for the company in a research note on Thursday, August 8th. BidaskClub raised Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. Finally, Barclays reaffirmed a sell rating and set a $33.00 target price on shares of Zillow Group in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $45.81.

Shares of NASDAQ:ZG opened at $36.42 on Friday. Zillow Group has a 12-month low of $26.20 and a 12-month high of $50.99. The firm has a market capitalization of $8.04 billion, a P/E ratio of -140.08 and a beta of 0.83. The firm has a 50 day moving average of $46.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.73 and a quick ratio of 3.98.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.07. Zillow Group had a negative return on equity of 5.11% and a negative net margin of 13.49%. The company had revenue of $599.58 million during the quarter, compared to the consensus estimate of $585.11 million. During the same period in the previous year, the company posted ($0.02) earnings per share. Zillow Group’s revenue for the quarter was up 84.3% on a year-over-year basis. On average, equities research analysts anticipate that Zillow Group will post -1.61 EPS for the current year.

A number of large investors have recently modified their holdings of ZG. Northern Trust Corp grew its stake in Zillow Group by 4.6% during the 2nd quarter. Northern Trust Corp now owns 246,293 shares of the technology company’s stock worth $11,271,000 after buying an additional 10,841 shares during the last quarter. GAM Holding AG grew its stake in Zillow Group by 23.2% during the 2nd quarter. GAM Holding AG now owns 66,338 shares of the technology company’s stock worth $3,036,000 after buying an additional 12,503 shares during the last quarter. Resources Investment Advisors LLC. purchased a new position in Zillow Group during the 2nd quarter worth approximately $513,000. LA Financiere DE L Echiquier grew its stake in Zillow Group by 107.3% during the 2nd quarter. LA Financiere DE L Echiquier now owns 22,440 shares of the technology company’s stock worth $1,027,000 after buying an additional 11,617 shares during the last quarter. Finally, Shakespeare Wealth Management Inc. purchased a new position in Zillow Group during the 2nd quarter worth approximately $205,000. Institutional investors own 24.15% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate 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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