Zillow Group (ZG) Stock Rating Lowered by Barclays

Zillow Group (NASDAQ:ZG) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued on Thursday, The Fly reports.

Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. Craig Hallum upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, November 29th. Needham & Company LLC began coverage on shares of Zillow Group in a research note on Tuesday, January 8th. They issued a “hold” rating on the stock. Wedbush upped their target price on shares of Zillow Group from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 27th. They noted that the move was a valuation call. Finally, Bank of America downgraded shares of Zillow Group from a “neutral” rating to an “underperform” rating in a research note on Friday, February 22nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $44.38.

NASDAQ:ZG traded down $1.32 during mid-day trading on Thursday, hitting $37.61. 603,897 shares of the stock traded hands, compared to its average volume of 888,578. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of -144.65 and a beta of 1.29. Zillow Group has a 52 week low of $26.20 and a 52 week high of $65.42. The company has a current ratio of 6.58, a quick ratio of 6.02 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $365.34 million for the quarter, compared to the consensus estimate of $349.46 million. Zillow Group had a negative net margin of 8.99% and a negative return on equity of 1.63%. As a group, equities analysts forecast that Zillow Group will post -1.4 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in Zillow Group during the fourth quarter valued at approximately $25,000. Resources Investment Advisors Inc. purchased a new position in shares of Zillow Group in the fourth quarter worth $47,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Zillow Group in the fourth quarter worth $116,000. Engineers Gate Manager LP purchased a new position in shares of Zillow Group in the third quarter worth $208,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Zillow Group in the third quarter worth $242,000. 24.82% of the stock is owned by institutional investors.

Zillow Group Company Profile

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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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