Shares of Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $59.33.
Several equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Zillow Group from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Benchmark increased their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Barclays upped their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. UBS Group lifted their target price on shares of Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of Zillow Group in a research note on Tuesday, June 18th.
Read Our Latest Analysis on ZG
Insider Activity
Hedge Funds Weigh In On Zillow Group
Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Zillow Group during the fourth quarter valued at approximately $102,096,000. Vanguard Group Inc. boosted its holdings in Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after buying an additional 1,730,731 shares during the period. UBS Group AG increased its stake in Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock worth $23,832,000 after buying an additional 177,265 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Zillow Group by 244.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company’s stock worth $8,226,000 after buying an additional 121,942 shares in the last quarter. Finally, Berkshire Capital Holdings Inc. raised its holdings in Zillow Group by 1,145,800.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock valued at $6,630,000 after acquiring an additional 114,580 shares during the period. 20.32% of the stock is owned by institutional investors.
Zillow Group Trading Down 0.3 %
NASDAQ:ZG opened at $52.07 on Thursday. The company has a 50-day moving average price of $48.89 and a 200-day moving average price of $46.88. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of -75.46 and a beta of 2.00. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23.
Zillow Group (NASDAQ:ZG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. Zillow Group’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. Equities analysts predict that Zillow Group will post -0.33 EPS for the current year.
Zillow Group Company Profile
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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