Zillow Group (NASDAQ:ZG) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Friday, January 26th, Marketbeat reports.
A number of other research analysts also recently commented on ZG. Stifel Nicolaus began coverage on Zillow Group in a research note on Thursday, January 18th. They set a “hold” rating and a $38.00 price objective for the company. Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Zillow Group in a research note on Wednesday, November 8th. Barclays boosted their price target 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. Royal Bank of Canada boosted their price target on Zillow Group from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley upgraded Zillow Group from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Zillow Group currently has an average rating of “Hold” and a consensus price target of $48.43.
Zillow Group (ZG) opened at $44.22 on Friday. Zillow Group has a 52-week low of $32.63 and a 52-week high of $50.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. The stock has a market capitalization of $8,489.93, a P/E ratio of -86.71 and a beta of 1.27.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $277.60 million. During the same period in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 24.0% on a year-over-year basis. equities research analysts anticipate that Zillow Group will post 0.24 earnings per share for the current year.
A number of large investors have recently bought and sold shares of ZG. Stifel Financial Corp acquired a new position in Zillow Group in the 2nd quarter worth about $209,000. State of Alaska Department of Revenue acquired a new position in Zillow Group in the 4th quarter worth about $195,000. Virtu KCG Holdings LLC acquired a new position in Zillow Group in the 2nd quarter worth about $274,000. Parametrica Management Ltd acquired a new position in Zillow Group in the 4th quarter worth about $235,000. Finally, Advisors Asset Management Inc. increased its position in Zillow Group by 85.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,085 shares of the technology company’s stock worth $244,000 after purchasing an additional 2,796 shares during the last quarter. 25.44% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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