Zillow Group, Inc. (ZG) Given Average Recommendation of “Hold” by Analysts

Zillow Group, Inc. (NASDAQ:ZG) has been given an average rating of “Hold” by the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $47.31.

Several research analysts have commented on ZG shares. Royal Bank Of Canada restated an “outperform” rating and set a $49.00 price objective (up from $48.00) on shares of Zillow Group in a research report on Thursday, August 10th. Canaccord Genuity boosted their target price on shares of Zillow Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Needham & Company LLC boosted their target price on shares of Zillow Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $50.00 target price (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. Finally, Zacks Investment Research cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Zillow Group by 82.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 32,047 shares of the technology company’s stock worth $1,084,000 after acquiring an additional 14,449 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Zillow Group by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 50,852 shares of the technology company’s stock worth $1,719,000 after acquiring an additional 2,370 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Zillow Group by 206.6% in the 1st quarter. Legal & General Group Plc now owns 18,436 shares of the technology company’s stock worth $623,000 after acquiring an additional 12,422 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Zillow Group by 11.9% in the 1st quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock worth $141,741,000 after acquiring an additional 444,184 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Zillow Group by 14.9% in the 1st quarter. Geode Capital Management LLC now owns 416,848 shares of the technology company’s stock worth $14,093,000 after acquiring an additional 54,099 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Zillow Group (ZG) traded down $0.07 during midday trading on Friday, hitting $41.02. 318,564 shares of the stock were exchanged, compared to its average volume of 558,000. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. Zillow Group has a 52 week low of $32.63 and a 52 week high of $50.91.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%. The company had revenue of $282.00 million during the quarter, compared to the consensus estimate of $276.57 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. sell-side analysts anticipate that Zillow Group will post -0.06 earnings per share for the current year.

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About Zillow Group

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 people 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.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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