Zillow Group (NASDAQ:ZG) Reaches New 1-Year High at $97.06

Zillow Group Inc (NASDAQ:ZG) reached a new 52-week high during trading on Wednesday . The stock traded as high as $97.06 and last traded at $95.06, with a volume of 5107 shares. The stock had previously closed at $91.00.

Several research analysts have recently commented on the company. Canaccord Genuity lifted their price target on Zillow Group from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wedbush downgraded Zillow Group from an “outperform” rating to a “neutral” rating in a research report on Saturday, August 8th. Citigroup raised their price objective on Zillow Group from $55.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Benchmark raised their price objective on Zillow Group from $63.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, BTIG Research raised their price objective on Zillow Group from $79.00 to $99.00 in a research report on Friday, August 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $74.71.

The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of -46.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 9.73 and a current ratio of 10.08. The firm has a 50-day simple moving average of $79.04 and a two-hundred day simple moving average of $56.80.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, August 6th. The technology company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.31. The company had revenue of $768.35 million during the quarter, compared to the consensus estimate of $615.19 million. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.54%. Zillow Group’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. As a group, equities analysts forecast that Zillow Group Inc will post -1.34 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Capital World Investors raised its stake in shares of Zillow Group by 2,018.6% during the first quarter. Capital World Investors now owns 1,340,077 shares of the technology company’s stock worth $45,522,000 after purchasing an additional 1,276,825 shares during the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Zillow Group during the first quarter worth approximately $143,000. Bamco Inc. NY raised its stake in shares of Zillow Group by 5.2% during the second quarter. Bamco Inc. NY now owns 3,076,916 shares of the technology company’s stock worth $176,861,000 after purchasing an additional 151,708 shares during the last quarter. LA Financiere DE L Echiquier raised its stake in shares of Zillow Group by 156.5% during the second quarter. LA Financiere DE L Echiquier now owns 187,000 shares of the technology company’s stock worth $10,749,000 after purchasing an additional 114,100 shares during the last quarter. Finally, RMB Capital Management LLC purchased a new stake in shares of Zillow Group during the first quarter worth approximately $3,166,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.

Zillow Group Company Profile (NASDAQ:ZG)

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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