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

Zillow Group Inc (NASDAQ:ZG) has been given an average recommendation of “Hold” by the twenty-three analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $47.31.

A number of brokerages have recently commented on ZG. TheStreet cut Zillow Group from a “c-” rating to a “d+” rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price target on Zillow Group from $42.00 to $47.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. DA Davidson increased their price target on Zillow Group to $41.00 and gave the company a “neutral” rating in a research note on Tuesday. BidaskClub cut Zillow Group from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Guggenheim set a $54.00 price target on Zillow Group and gave the company a “buy” rating in a research note on Thursday, September 5th.

NASDAQ ZG traded down $2.24 on Thursday, hitting $37.50. 599,600 shares of the company’s stock were exchanged, compared to its average volume of 896,553. The stock has a 50-day moving average of $32.89 and a 200-day moving average of $38.49. The company has a current ratio of 3.81, a quick ratio of 2.84 and a debt-to-equity ratio of 0.49. Zillow Group has a 52 week low of $26.20 and a 52 week high of $50.99. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of -144.23 and a beta of 0.90.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.30. Zillow Group had a negative return on equity of 7.20% and a negative net margin of 13.95%. The company had revenue of $745.21 million during the quarter, compared to analysts’ expectations of $717.27 million. During the same period in the prior year, the company earned $0.18 EPS. Zillow Group’s revenue was up 117.2% compared to the same quarter last year. As a group, analysts predict that Zillow Group will post -1.59 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. grew its stake in shares of Zillow Group by 35.0% in the 2nd quarter. Advisor Group Inc. now owns 864 shares of the technology company’s stock valued at $39,000 after buying an additional 224 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Zillow Group by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,119 shares of the technology company’s stock valued at $271,000 after buying an additional 441 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Zillow Group by 5.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,150 shares of the technology company’s stock valued at $373,000 after buying an additional 450 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Zillow Group by 13.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,214 shares of the technology company’s stock valued at $195,000 after buying an additional 494 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of Zillow Group by 7.4% in the 3rd quarter. Raymond James Trust N.A. now owns 7,300 shares of the technology company’s stock valued at $216,000 after buying an additional 500 shares during the period. Institutional investors own 24.36% of the company’s stock.

Zillow Group Company Profile

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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