Press coverage about Zillow Group (NASDAQ:ZG) has trended positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zillow Group earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.5236900381887 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
A number of brokerages have commented on ZG. Needham & Company LLC boosted their price target on shares of Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Canaccord Genuity upped 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. KeyCorp began coverage on shares of Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating for the company. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 target price (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $49.00 target price (up previously from $48.00) on shares of Zillow Group in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.07.
Shares of Zillow Group (NASDAQ:ZG) opened at 41.02 on Friday. The stock’s 50 day moving average price is $40.35 and its 200 day moving average price is $42.25. The company’s market capitalization is $7.61 billion. Zillow Group has a 12 month low of $31.24 and a 12 month high of $50.91.
Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $266.85 million during the quarter, compared to analysts’ expectations of $262.21 million. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.71) EPS. On average, analysts forecast that Zillow Group will post $0.50 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Zillow Group (NASDAQ:ZG) Earns Daily Media Sentiment Score of 0.28” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/positive-press-coverage-somewhat-unlikely-to-impact-zillow-group-zg-stock-price.html.
Zillow Group 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 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.
Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.