ValuEngine Upgrades Zillow Group (NASDAQ:ZG) to Buy

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

Several other equities analysts have also commented on the stock. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Guggenheim set a $54.00 target price on shares of Zillow Group and gave the company a “buy” rating in a research report on Thursday, September 5th. Wedbush reaffirmed a “hold” rating and issued a $39.00 price target on shares of Zillow Group in a report on Monday, November 25th. Piper Jaffray Companies lowered their price target on shares of Zillow Group from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, Barclays reiterated a “sell” rating and issued a $27.00 price target on shares of Zillow Group in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.47.

Shares of NASDAQ:ZG opened at $40.71 on Friday. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of -156.58 and a beta of 0.95. The firm has a fifty day moving average price of $36.58 and a 200 day moving average price of $38.89. Zillow Group has a fifty-two week low of $27.64 and a fifty-two week high of $50.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.84 and a current ratio of 3.81.

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

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Zillow Group by 127.9% in the 2nd quarter. SG Americas Securities LLC now owns 19,313 shares of the technology company’s stock worth $884,000 after buying an additional 10,839 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Zillow Group by 16.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,693 shares of the technology company’s stock valued at $306,000 after buying an additional 951 shares during the period. Aperio Group LLC raised its holdings in shares of Zillow Group by 7.3% in the second quarter. Aperio Group LLC now owns 42,521 shares of the technology company’s stock valued at $1,946,000 after acquiring an additional 2,911 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Zillow Group by 49.5% in the second quarter. Royal London Asset Management Ltd. now owns 18,658 shares of the technology company’s stock valued at $854,000 after acquiring an additional 6,178 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Zillow Group by 35.0% in the second quarter. Advisor Group Inc. now owns 864 shares of the technology company’s stock valued at $39,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 24.35% 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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