Zillow Group, Inc. (ZG) Receives Consensus Rating of “Hold” from Analysts
Zillow Group, Inc. (NASDAQ:ZG) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $46.17.
Several equities analysts recently issued reports on ZG shares. Canaccord Genuity boosted their target price on shares of Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Needham & Company LLC boosted their target price on shares of Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. KeyCorp started coverage on shares of Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating for the company. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 target price (up from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $49.00 target price (up from $48.00) on shares of Zillow Group in a research note on Thursday, August 10th.
Several hedge funds and other institutional investors have recently bought and sold shares of ZG. Janus Henderson Group PLC purchased a new position in shares of Zillow Group in the second quarter valued at approximately $32,613,000. Vanguard Group Inc. boosted its stake in shares of Zillow Group by 11.9% in the first quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock valued at $141,741,000 after purchasing an additional 444,184 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Zillow Group by 88.1% in the second quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock valued at $29,569,000 after purchasing an additional 283,536 shares during the period. Caledonia Private Investments Pty Ltd boosted its stake in shares of Zillow Group by 2.0% in the second quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock valued at $667,953,000 after purchasing an additional 268,722 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in shares of Zillow Group in the second quarter valued at approximately $12,532,000. 26.13% of the stock is owned by institutional investors and hedge funds.
Shares of Zillow Group (NASDAQ ZG) traded down 1.56% during midday trading on Wednesday, reaching $40.35. 313,260 shares of the company traded hands. The company has a 50 day moving average price of $40.32 and a 200 day moving average price of $42.26. The company’s market capitalization is $7.48 billion. Zillow Group has a 1-year low of $31.24 and a 1-year high of $50.91.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $266.85 million during 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 revenue was up 28.0% on a year-over-year basis. During the same period last year, the company earned ($0.71) earnings per share. On average, analysts expect that Zillow Group will post $0.50 earnings per share for the current year.
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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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