Shares of Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.53.
ZG has been the topic of a number of research analyst reports. Benchmark increased their target price on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. JMP Securities reissued a “market outperform” rating and issued a $62.00 price target on shares of Zillow Group in a report on Wednesday, October 9th. DA Davidson raised their price target on Zillow Group from $52.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Evercore ISI lifted their target price on Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Susquehanna lifted their target price on Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, August 12th.
Check Out Our Latest Stock Report on ZG
Insider Activity at Zillow Group
Institutional Trading of Zillow Group
A number of institutional investors and hedge funds have recently modified their holdings of ZG. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the 3rd quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new stake in Zillow Group during the 1st quarter valued at $32,000. EntryPoint Capital LLC acquired a new stake in Zillow Group during the 1st quarter valued at $53,000. Signaturefd LLC lifted its holdings in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. 20.32% of the stock is owned by institutional investors.
Zillow Group Stock Performance
Zillow Group stock opened at $57.75 on Friday. The stock’s 50-day moving average is $58.18 and its 200-day moving average is $49.23. The company has a market cap of $13.37 billion, a price-to-earnings ratio of -94.67 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group has a 12 month low of $33.23 and a 12 month high of $66.75.
Zillow Group (NASDAQ:ZG – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same period last year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.
Zillow Group Company Profile
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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