Zillow Group (ZG) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of Zillow Group (NASDAQ:ZG) from a hold rating to a sell rating in a research note released on Wednesday.

A number of other equities research analysts have also issued reports on the company. DA Davidson reaffirmed a neutral rating on shares of Zillow Group in a research report on Wednesday. Susquehanna Bancshares lowered Zillow Group from a neutral rating to a negative rating in a research report on Wednesday. Wedbush reaffirmed a hold rating and issued a $30.00 price target on shares of Zillow Group in a research report on Wednesday. Jefferies Financial Group reduced their price target on Zillow Group from $52.00 to $37.00 and set a hold rating on the stock in a research report on Wednesday. Finally, Craig Hallum reaffirmed a hold rating and issued a $35.00 price target on shares of Zillow Group in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $44.33.

ZG stock traded up $0.67 during mid-day trading on Wednesday, reaching $30.58. The company had a trading volume of 59,171 shares, compared to its average volume of 702,444. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.18 and a quick ratio of 8.13. The firm has a market capitalization of $8.24 billion, a P/E ratio of 203.33 and a beta of 1.12. Zillow Group has a fifty-two week low of $29.85 and a fifty-two week high of $65.42.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company 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%. On average, analysts expect that Zillow Group will post -0.14 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Elmwood Wealth Management Inc. purchased a new position in Zillow Group during the 3rd quarter worth approximately $150,000. First Capital Advisors Group LLC. purchased a new position in Zillow Group during the 2nd quarter worth approximately $223,000. Strs Ohio purchased a new position in Zillow Group during the 2nd quarter worth approximately $248,000. Engineers Gate Manager LP purchased a new position in Zillow Group during the 3rd quarter worth approximately $208,000. Finally, State of Alaska Department of Revenue grew its stake in Zillow Group by 33.9% during 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. Institutional investors and hedge funds own 25.73% of the company’s stock.

Zillow Group Company Profile

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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