Zillow Group (ZG) Rating Reiterated by Wedbush

Zillow Group (NASDAQ:ZG)‘s stock had its “hold” rating reissued by research analysts at Wedbush in a research report issued on Wednesday, The Fly reports. They currently have a $30.00 price target on the technology company’s stock. Wedbush’s price objective would suggest a potential upside of 1.49% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity set a $60.00 target price on shares of Zillow Group and gave the company a “buy” rating in a research note on Friday, September 7th. KeyCorp set a $56.00 target price on shares of Zillow Group and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, August 2nd. Benchmark lowered their target price on shares of Zillow Group from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Cowen reaffirmed a “hold” rating and issued a $50.00 target price on shares of Zillow Group in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.65.

ZG opened at $29.56 on Wednesday. The company has a quick ratio of 8.13, a current ratio of 8.18 and a debt-to-equity ratio of 0.14. 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 has a fifty-two week low of $29.19 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 for the quarter, topping 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 business had revenue of $343.09 million during the quarter, compared to the consensus estimate of $343.73 million. On average, equities research analysts anticipate that Zillow Group will post -0.14 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in ZG. BlackRock Inc. boosted its holdings in Zillow Group by 10.8% during the second quarter. BlackRock Inc. now owns 2,096,552 shares of the technology company’s stock worth $125,268,000 after purchasing an additional 204,886 shares during the last quarter. Morgan Stanley boosted its holdings in Zillow Group by 982.4% during the second quarter. Morgan Stanley now owns 1,764,950 shares of the technology company’s stock worth $105,457,000 after purchasing an additional 1,601,885 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in Zillow Group by 37.8% during the second quarter. State of Wisconsin Investment Board now owns 1,055,864 shares of the technology company’s stock worth $63,088,000 after purchasing 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 holdings in Zillow Group by 67.1% during the third 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 worth $26,425,000 after purchasing an additional 239,989 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Zillow Group by 5.7% during the third quarter. Janus Henderson Group PLC now owns 437,749 shares of the technology company’s stock worth $19,349,000 after purchasing an additional 23,459 shares during the last quarter. Institutional investors 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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The Fly

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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