Zillow Group (ZG) Downgraded by Susquehanna Bancshares to Negative

Susquehanna Bancshares cut shares of Zillow Group (NASDAQ:ZG) from a neutral rating to a negative rating in a research report report published on Wednesday morning, MarketBeat reports.

ZG has been the topic of several other reports. Zacks Investment Research upgraded Zillow Group from a sell rating to a hold rating in a research report on Monday, July 16th. DA Davidson set a $52.00 price objective on Zillow Group and gave the company a hold rating in a research report on Tuesday, August 7th. Cowen reiterated a hold rating and set a $50.00 price objective on shares of Zillow Group in a research report on Tuesday, August 7th. Jefferies Financial Group reduced their price objective on Zillow Group from $52.00 to $37.00 and set a hold rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity set a $60.00 price objective on Zillow Group and gave the company a buy rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $44.33.

NASDAQ ZG traded down $0.35 during trading on Wednesday, reaching $29.56. The company’s stock had a trading volume of 122,174 shares, compared to its average volume of 702,444. The firm has a market capitalization of $8.24 billion, a P/E ratio of 197.07 and a beta of 1.12. The company has a quick ratio of 8.13, a current ratio of 8.18 and a debt-to-equity ratio of 0.14. Zillow Group has a one year low of $29.85 and a one year high of $65.42.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $343.09 million for the quarter, compared to analyst estimates of $343.73 million. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%. As a group, research analysts anticipate that Zillow Group will post -0.14 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. Bank of Montreal Can increased its holdings in shares of Zillow Group by 2.9% in the 2nd quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock worth $2,024,000 after purchasing an additional 970 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Zillow Group by 4.3% in the 2nd quarter. TD Asset Management Inc. now owns 24,300 shares of the technology company’s stock worth $1,452,000 after buying an additional 1,000 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Zillow Group by 10.4% in the 2nd quarter. Amalgamated Bank now owns 12,331 shares of the technology company’s stock worth $737,000 after buying an additional 1,163 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Zillow Group by 33.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock worth $379,000 after buying an additional 1,610 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Zillow Group by 42.5% in the 3rd quarter. Strs Ohio now owns 5,928 shares of the technology company’s stock worth $262,000 after buying an additional 1,767 shares during the last quarter. Institutional investors and hedge funds own 25.73% 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 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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