Zillow Group, Inc. (ZG) Earns Hold Rating from Deutsche Bank AG
Zillow Group, Inc. (NASDAQ:ZG)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank AG in a research note issued to investors on Monday. They presently have a $50.00 target price on the technology company’s stock, up from their prior target price of $44.00. Deutsche Bank AG’s price objective would indicate a potential upside of 15.23% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Bank of America Corporation reiterated a “buy” rating and set a $53.00 price target (up previously from $45.00) on shares of Zillow Group in a report on Wednesday, June 21st. Zacks Investment Research cut Zillow Group from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of Zillow Group in a report on Wednesday, May 17th. Cowen and Company lifted their price target on Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Finally, KeyCorp assumed coverage on Zillow Group in a report on Monday, July 17th. They set an “equal weight” rating for the company. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.21.
Shares of Zillow Group (NASDAQ ZG) traded down 9.11% during mid-day trading on Monday, hitting $43.39. The company’s stock had a trading volume of 1,629,907 shares. Zillow Group has a 1-year low of $31.17 and a 1-year high of $50.91. The stock’s market cap is $7.95 billion. The company has a 50-day moving average price of $46.67 and a 200-day moving average price of $40.10.
Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. The company had revenue of $266.85 million during the quarter, compared to the consensus estimate of $262.21 million. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. Zillow Group’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.71) EPS. Analysts predict that Zillow Group will post $0.45 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at about $846,000. Norges Bank bought a new stake in shares of Zillow Group during the fourth quarter valued at about $15,520,000. Quadrature Capital Ltd bought a new stake in shares of Zillow Group during the fourth quarter valued at about $409,000. UBS Asset Management Americas Inc. bought a new stake in shares of Zillow Group during the fourth quarter valued at about $200,000. Finally, Teachers Advisors LLC increased its stake in shares of Zillow Group by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 48,482 shares of the technology company’s stock valued at $1,767,000 after buying an additional 4,100 shares during the period. Hedge funds and other institutional investors own 26.82% of the company’s stock.
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