Zillow Group (ZG) Given Hold Rating at Craig Hallum

Craig Hallum reissued their hold rating on shares of Zillow Group (NASDAQ:ZG) in a report released on Wednesday, The Fly reports. The brokerage currently has a $35.00 price target on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity set a $60.00 price objective on Zillow Group and gave the company a buy rating in a report on Friday, September 7th. KeyCorp set a $56.00 price target on Zillow Group and gave the company a buy rating in a report on Tuesday, August 7th. Zacks Investment Research raised Zillow Group from a hold rating to a buy rating and set a $64.00 price target for the company in a report on Thursday, August 2nd. Benchmark cut their price target on Zillow Group from $60.00 to $45.00 and set a buy rating for the company in a report on Wednesday. Finally, Jefferies Financial Group raised their price target on Zillow Group from $60.00 to $76.00 and gave the company a hold rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $43.65.

Shares of NASDAQ ZG traded up $0.89 during trading hours on Wednesday, hitting $30.45. The company had a trading volume of 998,408 shares, compared to its average volume of 971,864. The company has a debt-to-equity ratio of 0.21, a current ratio of 11.72 and a quick ratio of 8.13. Zillow Group has a 1-year low of $29.00 and a 1-year high of $65.42.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $343.09 million during the quarter, compared to the consensus estimate 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, equities analysts expect that Zillow Group will post -0.14 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Elmwood Wealth Management Inc. bought a new position in Zillow Group during the 3rd quarter worth $150,000. Engineers Gate Manager LP bought a new position in Zillow Group during the 3rd quarter worth $208,000. First Capital Advisors Group LLC. bought a new position in Zillow Group during the 2nd quarter worth $223,000. Strs Ohio bought a new position in Zillow Group during the 2nd quarter worth $248,000. Finally, Lourd Capital LLC bought a new position in Zillow Group during the 3rd quarter worth $281,000. Hedge funds and other institutional investors 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.

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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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