Zillow (ZG) Receives Average Rating of “Hold” from Brokerages

Shares of Zillow (NASDAQ:ZG) have received a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $48.92.

ZG has been the subject of a number of research reports. Morgan Stanley raised shares of Zillow from an “equal weight” rating to an “overweight” rating and set a $39.00 target price for the company in a research note on Thursday, January 11th. Stifel Nicolaus initiated coverage on shares of Zillow in a research note on Thursday, January 18th. They set a “hold” rating and a $38.00 target price for the company. KeyCorp raised shares of Zillow from a “sector weight” rating to an “overweight” rating in a research note on Friday, January 26th. Jefferies Group initiated coverage on shares of Zillow in a research note on Tuesday, February 6th. They set a “hold” rating and a $50.00 target price for the company. Finally, Canaccord Genuity boosted their target price on shares of Zillow from $53.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, February 9th.

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Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Zillow in the 4th quarter valued at approximately $195,000. Koch Industries Inc. purchased a new stake in shares of Zillow in the 4th quarter valued at approximately $208,000. Parametrica Management Ltd purchased a new stake in shares of Zillow in the 4th quarter valued at approximately $235,000. Paloma Partners Management Co purchased a new stake in shares of Zillow in the 4th quarter valued at approximately $238,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Zillow by 85.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,085 shares of the technology company’s stock valued at $244,000 after buying an additional 2,796 shares during the period. 26.14% of the stock is owned by institutional investors and hedge funds.

Shares of ZG stock traded up $0.59 on Friday, reaching $54.00. 440,092 shares of the company were exchanged, compared to its average volume of 427,954. The stock has a market capitalization of $10,296.83, a P/E ratio of 360.00 and a beta of 1.16. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow has a 1 year low of $32.85 and a 1 year high of $59.73.

Zillow (NASDAQ:ZG) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $277.60 million. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. analysts expect that Zillow will post 0.22 earnings per share for the current year.

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About Zillow

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 consumers 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.

Analyst Recommendations for Zillow (NASDAQ:ZG)

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