Investment analysts at Stifel Nicolaus assumed coverage on shares of Zillow Group (NASDAQ:ZG) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating and a $38.00 price target on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential downside of 10.84% from the company’s current price.
A number of other equities analysts also recently commented on the company. Morgan Stanley upgraded Zillow Group from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective on the stock in a research report on Thursday, January 11th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of Zillow Group in a research report on Wednesday, November 8th. Barclays lifted their price objective on 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 lifted their price objective on 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 lifted their price objective on Zillow Group from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.86.
Zillow Group (NASDAQ:ZG) traded down $1.24 during midday trading on Thursday, hitting $42.62. The stock had a trading volume of 661,673 shares, compared to its average volume of 208,416. The stock has a market capitalization of $8,284.06, a P/E ratio of -185.30 and a beta of 1.51. Zillow Group has a 1-year low of $32.63 and a 1-year high of $50.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44.
Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%. The business had revenue of $282.00 million for the quarter, compared to the consensus estimate of $276.57 million. During the same quarter last year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. research analysts forecast that Zillow Group will post -0.06 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Zillow Group during the fourth quarter worth $195,000. Stifel Financial Corp acquired a new stake in Zillow Group during the second quarter worth $209,000. Advisors Asset Management Inc. increased its stake in Zillow Group by 85.0% during the third quarter. Advisors Asset Management Inc. now owns 6,085 shares of the technology company’s stock worth $244,000 after acquiring an additional 2,796 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Zillow Group during the second quarter worth $274,000. Finally, Cetera Advisors LLC acquired a new stake in Zillow Group during the third quarter worth $284,000. 25.39% of the stock is owned by institutional investors.
WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/20/zillow-group-zg-now-covered-by-stifel-nicolaus.html.
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.
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.