Favorable News Coverage Somewhat Unlikely to Impact Zillow Group (NASDAQ:ZG) Share Price

Media headlines about Zillow Group (NASDAQ:ZG) have been trending positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zillow Group earned a coverage optimism score of 0.41 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.3311420574898 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of Zillow Group (NASDAQ:ZG) traded up $0.14 during midday trading on Friday, hitting $44.37. 408,103 shares of the company’s stock were exchanged, compared to its average volume of 228,624. Zillow Group has a one year low of $32.63 and a one year high of $50.91. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14.

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

ZG has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a research note on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 target price on shares of Zillow Group in a research note on Wednesday, November 8th. Barclays raised their price target on shares of Zillow Group from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. JMP Securities raised their price target on shares of Zillow Group from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada raised their price target on shares of Zillow Group from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.21.

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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.

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