Zillow Group Inc (NASDAQ:ZG) has been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $46.65.
A number of equities analysts recently issued reports on the company. ValuEngine lowered Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday. Guggenheim raised their price target on Zillow Group from $45.00 to $50.00 in a report on Tuesday, June 18th. Barclays reissued a “sell” rating and set a $33.00 price target on shares of Zillow Group in a report on Wednesday, May 15th. BidaskClub lowered Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Piper Jaffray Companies assumed coverage on Zillow Group in a report on Thursday, June 13th. They set a “neutral” rating and a $48.00 price target on the stock.
Shares of ZG stock traded down $0.30 during mid-day trading on Tuesday, hitting $36.42. 1,076,872 shares of the stock were exchanged, compared to its average volume of 973,292. The firm’s fifty day moving average price is $46.86. The company has a market capitalization of $8.04 billion, a PE ratio of -140.08 and a beta of 0.83. Zillow Group has a 12-month low of $26.20 and a 12-month high of $50.99. The company has a quick ratio of 3.98, a current ratio of 4.73 and a debt-to-equity ratio of 0.25.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.07. The company had revenue of $599.58 million for the quarter, compared to analyst estimates of $585.11 million. Zillow Group had a negative return on equity of 5.11% and a negative net margin of 13.49%. The business’s quarterly revenue was up 84.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. As a group, analysts anticipate that Zillow Group will post -1.61 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in shares of Zillow Group by 4.6% in the second quarter. Northern Trust Corp now owns 246,293 shares of the technology company’s stock valued at $11,271,000 after acquiring an additional 10,841 shares in the last quarter. GAM Holding AG lifted its position in shares of Zillow Group by 23.2% in the second quarter. GAM Holding AG now owns 66,338 shares of the technology company’s stock worth $3,036,000 after purchasing an additional 12,503 shares in the last quarter. Resources Investment Advisors LLC. bought a new stake in shares of Zillow Group in the second quarter worth $513,000. LA Financiere DE L Echiquier lifted its position in shares of Zillow Group by 107.3% in the second quarter. LA Financiere DE L Echiquier now owns 22,440 shares of the technology company’s stock worth $1,027,000 after purchasing an additional 11,617 shares in the last quarter. Finally, Shakespeare Wealth Management Inc. bought a new stake in shares of Zillow Group in the second quarter worth $205,000. Hedge funds and other institutional investors own 24.15% 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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