Canaccord Genuity reissued their buy rating on shares of Zillow Group, Inc. (NASDAQ:ZG) in a report released on Wednesday morning. The brokerage currently has a $52.00 price objective on the technology company’s stock.
Other equities analysts have also issued research reports about the company. Barclays PLC raised their price objective on Zillow Group from $44.00 to $46.00 and gave the company an equal weight rating in a research report on Wednesday. JMP Securities lifted their price objective on Zillow Group from $55.00 to $56.00 and gave the stock a market perform rating in a report on Wednesday. Royal Bank Of Canada lifted their price objective on Zillow Group from $49.00 to $51.00 and gave the stock an outperform rating in a report on Wednesday. Macquarie initiated coverage on Zillow Group in a report on Monday, September 25th. They issued a neutral rating for the company. Finally, Zacks Investment Research cut Zillow Group from a buy rating to a hold rating in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $47.21.
Zillow Group (NASDAQ:ZG) traded down $0.69 during midday trading on Wednesday, reaching $39.74. 595,300 shares of the company’s stock traded hands, compared to its average volume of 446,355. Zillow Group has a 1-year low of $32.63 and a 1-year high of $50.91. The company has a current ratio of 6.44, a quick ratio of 6.70 and a debt-to-equity ratio of 0.14.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%. The business had revenue of $282.00 million for the quarter, compared to the consensus estimate of $276.57 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. analysts anticipate that Zillow Group will post -0.1 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new stake in shares of Zillow Group during the 2nd quarter worth $161,000. Stifel Financial Corp acquired a new position in shares of Zillow Group in the second quarter valued at about $209,000. Norris Perne & French LLP MI acquired a new position in shares of Zillow Group in the second quarter valued at about $232,000. Connable Office Inc. acquired a new stake in Zillow Group during the second quarter worth about $245,000. Finally, Virtu KCG Holdings LLC acquired a new stake in Zillow Group during the second quarter worth about $274,000. Institutional investors and hedge funds own 26.09% of the company’s stock.
About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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