Zillow Group, Inc. (NASDAQ:ZG)‘s stock had its “buy” rating restated by Bank of America Corporation in a research report issued to clients and investors on Wednesday. They presently have a $53.00 price target on the technology company’s stock, up from their prior price target of $45.00. Bank of America Corporation’s target price indicates a potential upside of 12.05% from the stock’s current price.

A number of other brokerages have also issued reports on ZG. Stephens reissued an “overweight” rating and issued a $54.00 price objective (up previously from $48.00) on shares of Zillow Group in a report on Monday. Cowen and Company upped their price objective on shares of Zillow Group from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, May 5th. Zacks Investment Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of Zillow Group in a report on Wednesday, May 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective (up previously from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $42.20.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Zillow Group (NASDAQ:ZG) traded up 2.11% during midday trading on Wednesday, hitting $48.30. 452,287 shares of the stock traded hands. The stock has a 50-day moving average of $43.76 and a 200 day moving average of $37.97. The firm’s market cap is $8.85 billion. Zillow Group has a 52-week low of $31.17 and a 52-week high of $48.95.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.08. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The firm had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $236.04 million. During the same period in the prior year, the company posted ($0.13) EPS. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. Equities analysts forecast that Zillow Group will post $0.45 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its stake in shares of Zillow Group by 0.4% in the second quarter. Oppenheimer & Co. Inc. now owns 8,634 shares of the technology company’s stock valued at $316,000 after buying an additional 37 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Zillow Group by 4.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,045 shares of the technology company’s stock valued at $222,000 after buying an additional 231 shares in the last quarter. Motley Fool Wealth Management LLC boosted its stake in shares of Zillow Group by 0.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 109,763 shares of the technology company’s stock valued at $4,001,000 after buying an additional 493 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Zillow Group by 25.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,130 shares of the technology company’s stock valued at $115,000 after buying an additional 643 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Zillow Group by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,695 shares of the technology company’s stock valued at $368,000 after buying an additional 646 shares in the last quarter. 26.78% of the stock is currently owned by institutional investors and hedge funds.

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