Zillow Group, Inc. (NASDAQ:ZG) Coverage Initiated by Analysts at KeyCorp

KeyCorp assumed coverage on shares of Zillow Group, Inc. (NASDAQ:ZG) in a report published on Monday morning. The brokerage issued an equal weight rating on the technology company’s stock.

ZG has been the subject of a number of other research reports. Needham & Company LLC reiterated a buy rating and issued a $48.00 price objective (up previously from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Benchmark Co. upped their price objective on Zillow Group from $43.00 to $46.00 and gave the company a buy rating in a report on Friday, May 5th. Zacks Investment Research upgraded Zillow Group from a hold rating to a buy rating and set a $49.00 price objective for the company in a report on Wednesday, May 10th. Bank of America Corporation reiterated a buy rating and issued a $53.00 price objective (up previously from $45.00) on shares of Zillow Group in a report on Wednesday, June 21st. Finally, Craig Hallum reiterated a buy rating on shares of Zillow Group in a report on Thursday, June 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Zillow Group has an average rating of Buy and a consensus price target of $42.20.

Shares of Zillow Group (NASDAQ ZG) traded down 1.05% on Monday, hitting $46.39. The stock had a trading volume of 369,498 shares. The firm has a 50 day moving average price of $46.57 and a 200-day moving average price of $39.40. The company’s market cap is $8.50 billion. Zillow Group has a 52 week low of $31.17 and a 52 week high of $50.91.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.08. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The firm had revenue of $245.80 million for the quarter, compared to analyst estimates of $236.04 million. During the same period last year, the company earned ($0.13) EPS. The company’s revenue was up 32.2% compared to the same quarter last year. Analysts anticipate that Zillow Group will post $0.45 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. boosted its position in shares of Zillow Group by 8.8% in the first quarter. Oppenheimer & Co. Inc. now owns 8,687 shares of the technology company’s stock valued at $294,000 after buying an additional 700 shares during the period. Credit Suisse AG boosted its stake in Zillow Group by 5.3% in the first quarter. Credit Suisse AG now owns 31,807 shares of the technology company’s stock worth $1,075,000 after buying an additional 1,590 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Zillow Group by 15.0% in the first quarter. Wells Fargo & Company MN now owns 17,632 shares of the technology company’s stock worth $596,000 after buying an additional 2,304 shares during the last quarter. Teachers Advisors LLC boosted its stake in Zillow Group by 4.9% in the first quarter. Teachers Advisors LLC now owns 50,852 shares of the technology company’s stock worth $1,719,000 after buying an additional 2,370 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Zillow Group by 8.2% in the first quarter. TD Asset Management Inc. now owns 35,369 shares of the technology company’s stock worth $1,196,000 after buying an additional 2,669 shares during the last quarter. 26.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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