Zillow Group (ZG) Price Target Raised to $52.00 at Benchmark

Zillow Group (NASDAQ:ZG) had its price target upped by Benchmark from $45.00 to $52.00 in a research note released on Friday morning, AnalystRatings.com reports. Benchmark currently has a buy rating on the technology company’s stock.

A number of other research analysts also recently weighed in on the company. Barclays downgraded Zillow Group from an equal weight rating to an underweight rating and set a $36.67 price objective on the stock. in a research note on Thursday, March 14th. Bank of America downgraded Zillow Group from a neutral rating to an underperform rating in a research note on Friday, February 22nd. Cowen raised Zillow Group from a market perform rating to an outperform rating and raised their price objective for the company from $40.00 to $46.00 in a research note on Monday, April 8th. ValuEngine downgraded Zillow Group from a hold rating to a sell rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research downgraded Zillow Group from a buy rating to a hold rating in a research note on Saturday, February 16th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $42.55.

ZG opened at $35.46 on Friday. Zillow Group has a fifty-two week low of $26.20 and a fifty-two week high of $65.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.58 and a quick ratio of 6.02. The stock has a market cap of $7.20 billion, a PE ratio of -136.38 and a beta of 1.23.



Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.08. Zillow Group had a negative return on equity of 3.22% and a negative net margin of 11.35%. The company had revenue of $454.10 million during the quarter, compared to the consensus estimate of $432.09 million. During the same period last year, the business earned $0.07 EPS. The business’s quarterly revenue was up 51.4% on a year-over-year basis. On average, research analysts forecast that Zillow Group will post -1.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in Zillow Group by 124.7% in the 3rd quarter. Morgan Stanley now owns 3,965,989 shares of the technology company’s stock valued at $175,296,000 after buying an additional 2,201,039 shares during the last quarter. BlackRock Inc. grew its holdings in Zillow Group by 1.0% in the 1st quarter. BlackRock Inc. now owns 2,350,857 shares of the technology company’s stock valued at $80,399,000 after buying an additional 22,715 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in Zillow Group by 94.0% in the 1st quarter. State of Wisconsin Investment Board now owns 1,819,535 shares of the technology company’s stock valued at $62,228,000 after buying an additional 881,815 shares during the last quarter. Norges Bank acquired a new stake in Zillow Group in the 4th quarter valued at approximately $28,753,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in Zillow Group by 27.2% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 760,169 shares of the technology company’s stock valued at $23,892,000 after buying an additional 162,322 shares during the last quarter. 25.11% of the stock is currently owned by hedge funds and other institutional investors.

About Zillow Group

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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