Zillow Group Inc (NASDAQ:ZG) has been assigned a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $47.73.
Several research analysts recently commented on ZG shares. Raymond James reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, September 4th. SunTrust Banks reissued a “buy” rating and set a $56.00 price target on shares of Zillow Group in a research report on Friday, November 8th. BidaskClub lowered Zillow Group from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Barclays upped their price objective on Zillow Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, ValuEngine lowered Zillow Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th.
NASDAQ:ZG traded up $0.77 on Thursday, reaching $39.51. The company’s stock had a trading volume of 574,700 shares, compared to its average volume of 636,541. The business’s 50-day moving average price is $32.28 and its two-hundred day moving average price is $38.41. Zillow Group has a 1-year low of $26.20 and a 1-year high of $50.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.76 and a current ratio of 3.81. The firm has a market cap of $8.04 billion, a PE ratio of -151.96 and a beta of 0.90.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.30. Zillow Group had a negative return on equity of 7.20% and a negative net margin of 13.95%. The firm had revenue of $745.21 million during the quarter, compared to analysts’ expectations of $717.27 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 117.2% compared to the same quarter last year. As a group, sell-side analysts expect that Zillow Group will post -1.59 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Zillow Group by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 6,119 shares of the technology company’s stock worth $271,000 after purchasing an additional 441 shares during the period. Advisory Services Network LLC increased its stake in shares of Zillow Group by 1,914.5% during the second quarter. Advisory Services Network LLC now owns 1,531 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,455 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Zillow Group by 16.1% during the second quarter. Treasurer of the State of North Carolina now owns 27,735 shares of the technology company’s stock worth $1,269,000 after purchasing an additional 3,850 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Zillow Group during the second quarter worth approximately $320,000. Finally, Concourse Capital Management LLC bought a new position in shares of Zillow Group during the second quarter worth approximately $318,000. Institutional investors own 24.24% of the company’s stock.
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.
Featured Story: What is diluted earnings per share (Diluted EPS)?
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.