Deutsche Bank Boosts Zillow Group (NASDAQ:ZG) Price Target to $43.00

Zillow Group (NASDAQ:ZG) had its target price raised by equities researchers at Deutsche Bank from $33.00 to $43.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “hold” rating on the technology company’s stock. Deutsche Bank’s price target points to a potential upside of 9.78% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Piper Jaffray Companies began coverage on Zillow Group in a report on Thursday, June 13th. They set a “neutral” rating and a $48.00 price target for the company. Barclays reissued a “sell” rating and set a $33.00 price target on shares of Zillow Group in a report on Wednesday, May 15th. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, Craig Hallum boosted their price target on Zillow Group from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.81.

Shares of Zillow Group stock traded down $2.68 during trading on Thursday, reaching $39.17. 1,923,616 shares of the company’s stock were exchanged, compared to its average volume of 775,075. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25. Zillow Group has a 1-year low of $26.20 and a 1-year high of $50.99. The stock has a market cap of $10.21 billion, a P/E ratio of -150.65 and a beta of 0.83. The company has a 50-day simple moving average of $47.41.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.07. Zillow Group had a negative return on equity of 5.11% and a negative net margin of 13.49%. The company had revenue of $599.58 million during the quarter, compared to analysts’ expectations of $585.11 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Zillow Group’s revenue was up 84.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Zillow Group will post -1.61 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Zillow Group by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 200,723 shares of the technology company’s stock valued at $9,186,000 after acquiring an additional 6,242 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Zillow Group by 8.2% during the second quarter. Oppenheimer & Co. Inc. now owns 9,818 shares of the technology company’s stock valued at $449,000 after acquiring an additional 740 shares during the last quarter. Trexquant Investment LP increased its position in shares of Zillow Group by 106.9% during the second quarter. Trexquant Investment LP now owns 15,604 shares of the technology company’s stock valued at $714,000 after acquiring an additional 8,064 shares during the last quarter. Bank of Montreal Can increased its position in shares of Zillow Group by 5.6% during the second quarter. Bank of Montreal Can now owns 33,869 shares of the technology company’s stock valued at $1,550,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Zillow Group by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 224,067 shares of the technology company’s stock valued at $10,137,000 after acquiring an additional 44,662 shares during the last quarter. 24.15% of the stock is owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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