Zillow Group (ZG) Price Target Lowered to $45.00 at Benchmark

Zillow Group (NASDAQ:ZG) had its price target trimmed by Benchmark from $60.00 to $45.00 in a report released on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research firms also recently issued reports on ZG. Wedbush reissued a neutral rating and set a $45.00 target price on shares of Zillow Group in a research report on Thursday, September 13th. Deutsche Bank dropped their target price on shares of Zillow Group from $45.00 to $39.00 and set a hold rating for the company in a research report on Monday. Craig Hallum reissued a hold rating and set a $45.00 target price on shares of Zillow Group in a research report on Tuesday, August 7th. They noted that the move was a valuation call. ValuEngine raised shares of Zillow Group from a sell rating to a hold rating in a research report on Tuesday, October 23rd. Finally, Jefferies Financial Group increased their target price on shares of Zillow Group from $60.00 to $76.00 and gave the stock a hold rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $44.33.

Shares of NASDAQ ZG traded down $0.35 on Wednesday, reaching $29.56. 2,689,146 shares of the company traded hands, compared to its average volume of 616,644. Zillow Group has a fifty-two week low of $29.19 and a fifty-two week high of $65.42. 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 company has a market cap of $8.24 billion, a P/E ratio of 197.07 and a beta of 1.12.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. The company had revenue of $343.09 million during the quarter, compared to the consensus estimate of $343.73 million. As a group, equities research analysts anticipate that Zillow Group will post -0.14 EPS for the current year.

A number of large investors have recently modified their holdings of ZG. Morgan Stanley boosted its stake in shares of Zillow Group by 982.4% during the 2nd quarter. Morgan Stanley now owns 1,764,950 shares of the technology company’s stock valued at $105,457,000 after buying an additional 1,601,885 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Zillow Group by 37.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,055,864 shares of the technology company’s stock valued at $63,088,000 after buying an additional 289,824 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of Zillow Group by 67.1% during the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 597,847 shares of the technology company’s stock valued at $26,425,000 after buying an additional 239,989 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Zillow Group by 10.8% during the 2nd quarter. BlackRock Inc. now owns 2,096,552 shares of the technology company’s stock valued at $125,268,000 after buying an additional 204,886 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Zillow Group by 90.1% during the 2nd quarter. Renaissance Technologies LLC now owns 199,800 shares of the technology company’s stock valued at $11,938,000 after buying an additional 94,700 shares during the last quarter. 25.73% of the stock is owned by institutional investors.

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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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