Zillow Group (ZG) Stock Rating Upgraded by ValuEngine

Zillow Group (NASDAQ:ZG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, ValuEngine reports.

A number of other analysts also recently commented on ZG. Bank of America boosted their price objective on shares of Zillow Group from $31.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday, May 10th. Jefferies Financial Group boosted their price objective on shares of Zillow Group from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Benchmark boosted their price objective on shares of Zillow Group from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Barclays reissued a “sell” rating and set a $33.00 price objective on shares of Zillow Group in a report on Wednesday. Finally, Guggenheim raised shares of Zillow Group from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.47.

Shares of Zillow Group stock opened at $39.78 on Friday. 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 4.73, a quick ratio of 6.02 and a debt-to-equity ratio of 0.25. The stock has a market cap of $7.83 billion, a PE ratio of -153.00 and a beta of 1.23.



Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.08. The business had revenue of $454.10 million for the quarter, compared to analyst estimates of $432.09 million. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The business’s revenue was up 51.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. Equities analysts anticipate that Zillow Group will post -1.56 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its holdings in shares of Zillow Group by 9.4% in the first quarter. Morgan Stanley now owns 4,543,028 shares of the technology company’s stock valued at $155,371,000 after purchasing an additional 389,231 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Zillow Group by 1.0% in the first quarter. BlackRock Inc. now owns 2,350,857 shares of the technology company’s stock valued at $80,399,000 after purchasing an additional 22,715 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Zillow Group by 94.0% in the first quarter. State of Wisconsin Investment Board now owns 1,819,535 shares of the technology company’s stock valued at $62,228,000 after purchasing an additional 881,815 shares in the last quarter. Norges Bank purchased a new stake in shares of Zillow Group in the fourth quarter valued at about $28,753,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of Zillow Group by 27.2% in the fourth 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 purchasing an additional 162,322 shares in the last quarter. 25.04% of the stock is currently owned by 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.

Further Reading: What is a Tariff?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.