Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average rating of “Buy” by the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.17.

ZG has been the topic of several analyst reports. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, April 13th. Cowen and Company lifted their price target on shares of Zillow Group from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, May 15th. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 price target (up previously from $45.00) on shares of Zillow Group in a research report on Wednesday, June 21st. Benchmark Co. lifted their price target on shares of Zillow Group from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target (up previously from $41.00) on shares of Zillow Group in a research report on Friday, May 5th.

Several institutional investors have recently bought and sold shares of the company. Hartline Investment Corp increased its position in Zillow Group by 4.9% in the first quarter. Hartline Investment Corp now owns 150,396 shares of the technology company’s stock valued at $5,085,000 after buying an additional 7,060 shares during the period. KBC Group NV acquired a new position in Zillow Group during the first quarter valued at approximately $5,912,000. Parametric Portfolio Associates LLC increased its position in Zillow Group by 82.1% in the first quarter. Parametric Portfolio Associates LLC now owns 32,047 shares of the technology company’s stock valued at $1,084,000 after buying an additional 14,449 shares during the period. TD Asset Management Inc. increased its position in Zillow Group by 8.2% in the first quarter. TD Asset Management Inc. now owns 35,369 shares of the technology company’s stock valued at $1,196,000 after buying an additional 2,669 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Zillow Group during the first quarter valued at approximately $547,000. Institutional investors and hedge funds own 26.82% of the company’s stock.

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Zillow Group (NASDAQ ZG) traded up 1.14% on Friday, hitting $40.71. The stock had a trading volume of 546,099 shares. Zillow Group has a 12 month low of $31.17 and a 12 month high of $50.91. The firm’s 50 day moving average price is $46.17 and its 200-day moving average price is $40.33. The stock’s market cap is $7.55 billion.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. The firm had revenue of $266.85 million for the quarter, compared to analysts’ expectations of $262.21 million. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.71) EPS. On average, analysts forecast that Zillow Group will post $0.48 EPS for the current year.

Zillow Group Company Profile

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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