Zillow (ZG) Price Target Increased to $56.00 by Analysts at Needham & Company LLC

Zillow (NASDAQ:ZG) had its price objective boosted by stock analysts at Needham & Company LLC to $56.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 11.33% from the stock’s current price.

A number of other brokerages have also weighed in on ZG. Morgan Stanley upgraded shares of Zillow from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a research report on Thursday, January 11th. Craig Hallum lowered shares of Zillow from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America raised their target price on shares of Zillow from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Stifel Nicolaus initiated coverage on shares of Zillow in a research report on Thursday, January 18th. They issued a “hold” rating and a $38.00 target price on the stock. Finally, Canaccord Genuity raised their target price on shares of Zillow from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Zillow presently has an average rating of “Hold” and a consensus target price of $49.73.

NASDAQ ZG opened at $50.30 on Friday. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. The company has a market cap of $10,184.33, a P/E ratio of 358.47, a PEG ratio of 48.55 and a beta of 0.93. Zillow has a 1 year low of $34.36 and a 1 year high of $59.73.



Zillow (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $282.30 million for the quarter, compared to analyst estimates of $277.60 million. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. equities analysts expect that Zillow will post 0.22 EPS for the current year.

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Zillow in the fourth quarter worth $195,000. Koch Industries Inc. acquired a new stake in Zillow in the fourth quarter worth $208,000. Parametrica Management Ltd acquired a new stake in Zillow in the fourth quarter worth $235,000. Paloma Partners Management Co acquired a new stake in Zillow in the fourth quarter worth $238,000. Finally, Lourd Capital LLC acquired a new stake in Zillow in the fourth quarter worth $259,000. Institutional investors and hedge funds own 26.14% of the company’s stock.

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About Zillow

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 consumers 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.

The Fly

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