Zillow Group (NASDAQ:ZG) Price Target Cut to $145.00

Zillow Group (NASDAQ:ZG) had its price target lowered by stock analysts at BTIG Research from $185.00 to $145.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. BTIG Research’s target price points to a potential upside of 50.82% from the company’s current price.

Several other equities analysts have also weighed in on ZG. Wedbush reduced their price objective on Zillow Group from $170.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, August 6th. Canaccord Genuity dropped their target price on Zillow Group from $220.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. Barclays dropped their target price on Zillow Group from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Friday, August 6th. Truist dropped their target price on Zillow Group from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. Finally, Truist Securities dropped their target price on Zillow Group from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $166.48.

Shares of NASDAQ ZG opened at $96.14 on Thursday. The stock has a fifty day simple moving average of $101.78 and a two-hundred day simple moving average of $118.67. Zillow Group has a 1-year low of $86.11 and a 1-year high of $212.40. The firm has a market cap of $24.38 billion, a price-to-earnings ratio of 165.76 and a beta of 1.28. The company has a current ratio of 3.82, a quick ratio of 3.11 and a debt-to-equity ratio of 0.23.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, August 5th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.11. Zillow Group had a return on equity of 3.63% and a net margin of 3.70%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Analysts forecast that Zillow Group will post -0.03 EPS for the current year.

Several large investors have recently made changes to their positions in ZG. Ameritas Investment Company LLC bought a new stake in shares of Zillow Group in the first quarter worth about $30,000. Advisors Asset Management Inc. bought a new stake in Zillow Group during the 2nd quarter valued at approximately $32,000. Concord Wealth Partners bought a new stake in Zillow Group during the 1st quarter valued at approximately $35,000. Fifth Third Bancorp boosted its position in Zillow Group by 143.9% during the 1st quarter. Fifth Third Bancorp now owns 278 shares of the technology company’s stock valued at $37,000 after acquiring an additional 164 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zillow Group during the 2nd quarter valued at approximately $38,000. 20.97% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Company Profile

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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