Zillow Group (NASDAQ:ZG) had its price objective upped by Wedbush from $30.00 to $39.00 in a research note published on Wednesday, February 27th, The Fly reports. They currently have a neutral rating on the technology company’s stock. The analysts noted that the move was a valuation call.
Several other equities research analysts have also recently weighed in on ZG. Zacks Investment Research upgraded Zillow Group from a hold rating to a buy rating and set a $35.00 target price for the company in a report on Saturday, January 12th. Canaccord Genuity set a $42.00 price target on Zillow Group and gave the stock a buy rating in a research report on Friday, February 22nd. DA Davidson reissued a neutral rating on shares of Zillow Group in a research report on Wednesday, November 7th. ValuEngine lowered Zillow Group from a hold rating to a sell rating in a research report on Wednesday, November 7th. Finally, Benchmark reduced their price target on Zillow Group from $60.00 to $45.00 and set a buy rating for the company in a research report on Wednesday, November 7th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $44.67.
Shares of Zillow Group stock traded up $0.19 on Wednesday, reaching $35.29. The company had a trading volume of 721,228 shares, compared to its average volume of 903,382. Zillow Group has a 1 year low of $26.20 and a 1 year high of $65.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.02 and a current ratio of 6.58. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of -135.73 and a beta of 1.29.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.02. Zillow Group had a negative return on equity of 1.63% and a negative net margin of 8.99%. The company had revenue of $365.34 million during the quarter, compared to analysts’ expectations of $349.46 million. Sell-side analysts predict that Zillow Group will post -1.4 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Zillow Group by 284.4% during the second quarter. Advisors Asset Management Inc. now owns 22,504 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 16,650 shares in the last quarter. Northern Trust Corp boosted its position in Zillow Group by 2.6% during the second quarter. Northern Trust Corp now owns 260,584 shares of the technology company’s stock worth $15,570,000 after purchasing an additional 6,580 shares in the last quarter. Strs Ohio boosted its position in Zillow Group by 42.5% during the third quarter. Strs Ohio now owns 5,928 shares of the technology company’s stock worth $262,000 after purchasing an additional 1,767 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Zillow Group by 125.8% during the third quarter. Russell Investments Group Ltd. now owns 77,061 shares of the technology company’s stock worth $3,372,000 after purchasing an additional 42,930 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Zillow Group during the third quarter worth approximately $208,000. Hedge funds and other institutional investors own 25.11% of the company’s stock.
About Zillow Group
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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