Zillow Group Inc Class A (ZG) Given a $52.00 Price Target at DA Davidson

DA Davidson set a $52.00 price target on Zillow Group Inc Class A (NASDAQ:ZG) in a report published on Tuesday, The Fly reports. The firm currently has a hold rating on the technology company’s stock.

ZG has been the subject of several other research reports. Canaccord Genuity set a $65.00 price target on shares of Zillow Group Inc Class A and gave the stock a buy rating in a report on Thursday, May 31st. Macquarie upgraded shares of Zillow Group Inc Class A from a neutral rating to an outperform rating in a report on Monday, April 23rd. Zacks Investment Research upgraded shares of Zillow Group Inc Class A from a sell rating to a hold rating in a report on Monday, July 16th. Benchmark reiterated a buy rating and set a $64.00 price target (up previously from $55.00) on shares of Zillow Group Inc Class A in a report on Friday, April 13th. Finally, Jefferies Financial Group lowered their price target on shares of Zillow Group Inc Class A from $60.00 to $52.00 and set a hold rating for the company in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Zillow Group Inc Class A currently has an average rating of Hold and a consensus target price of $51.18.

NASDAQ ZG opened at $50.96 on Tuesday. The company has a quick ratio of 7.64, a current ratio of 8.18 and a debt-to-equity ratio of 0.14. Zillow Group Inc Class A has a 52 week low of $37.96 and a 52 week high of $65.42. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 2,470.00 and a beta of 0.73.

Zillow Group Inc Class A (NASDAQ:ZG) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.19. Zillow Group Inc Class A had a negative net margin of 7.54% and a positive return on equity of 0.23%. The company had revenue of $325.25 million during the quarter, compared to analysts’ expectations of $325.52 million. During the same quarter in the previous year, the business posted $0.04 EPS. The firm’s revenue was up 21.9% on a year-over-year basis. research analysts expect that Zillow Group Inc Class A will post -0.1 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Zillow Group Inc Class A during the 1st quarter worth approximately $183,000. First Capital Advisors Group LLC. purchased a new stake in shares of Zillow Group Inc Class A during the 2nd quarter worth approximately $223,000. Strs Ohio purchased a new stake in shares of Zillow Group Inc Class A during the 2nd quarter worth approximately $248,000. Sei Investments Co. lifted its position in shares of Zillow Group Inc Class A by 204.0% during the 1st quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock worth $280,000 after buying an additional 3,474 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Zillow Group Inc Class A by 805.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock worth $283,000 after buying an additional 4,666 shares during the last quarter. Institutional investors and hedge funds own 26.03% of the company’s stock.

Zillow Group Inc Class A 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 Inc Class A (NASDAQ:ZG)

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