Zillow Group Inc (NASDAQ:ZG) Given Average Recommendation of “Hold” by Brokerages

Shares of Zillow Group Inc (NASDAQ:ZG) have earned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $46.46.

ZG has been the topic of a number of research analyst reports. SunTrust Banks initiated coverage on shares of Zillow Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $49.39 price objective on the stock. ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity set a $52.00 price objective on shares of Zillow Group and gave the company a “hold” rating in a research note on Wednesday, June 19th. KeyCorp reiterated an “overweight” rating and set a $66.00 price objective on shares of Zillow Group in a research note on Friday. Finally, Craig Hallum downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Friday, June 7th.

ZG traded down $1.25 during trading hours on Friday, reaching $46.77. 944,800 shares of the stock traded hands, compared to its average volume of 957,249. The business’s fifty day moving average price is $46.04. The firm has a market cap of $9.85 billion, a P/E ratio of -179.88 and a beta of 0.82. Zillow Group has a fifty-two week low of $26.20 and a fifty-two week high of $63.97. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25.



Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.08. The business had revenue of $454.10 million during 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% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. Analysts predict that Zillow Group will post -1.62 EPS for the current year.

Large investors have recently modified their holdings of the stock. Highbridge Capital Management LLC increased its stake in Zillow Group by 792.4% during the 4th quarter. Highbridge Capital Management LLC now owns 58,150 shares of the technology company’s stock valued at $1,827,000 after buying an additional 51,634 shares during the period. Public Employees Retirement System of Ohio increased its stake in Zillow Group by 16.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 16,245 shares of the technology company’s stock valued at $511,000 after buying an additional 2,335 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Zillow Group during the 4th quarter valued at about $116,000. Squarepoint Ops LLC acquired a new position in Zillow Group during the 4th quarter valued at about $466,000. Finally, Zevenbergen Capital Investments LLC increased its stake in Zillow Group by 18.7% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 13,515 shares of the technology company’s stock valued at $462,000 after buying an additional 2,125 shares during the period. Hedge funds and other institutional investors own 24.15% of the company’s stock.

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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