Zillow Group Inc Class A (ZG) Given Average Recommendation of “Hold” by Brokerages

Zillow Group Inc Class A (NASDAQ:ZG) has earned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat Ratings reports. Fifteen analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $50.63.

A number of research analysts recently issued reports on the company. DA Davidson set a $52.00 price target on Zillow Group Inc Class A and gave the company a “hold” rating in a report on Tuesday, August 7th. Cowen reaffirmed a “hold” rating and issued a $50.00 price target on shares of Zillow Group Inc Class A in a report on Tuesday, August 7th. Bank of America cut Zillow Group Inc Class A from a “buy” rating to a “neutral” rating and cut their price target for the company from $70.00 to $60.00 in a report on Tuesday, August 7th. Jefferies Financial Group boosted their price objective on Zillow Group Inc Class A from $60.00 to $76.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Canaccord Genuity dropped their price objective on Zillow Group Inc Class A from $65.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, August 7th.

Shares of Zillow Group Inc Class A stock traded up $0.22 during trading on Friday, reaching $44.03. The company’s stock had a trading volume of 9,826 shares, compared to its average volume of 443,719. The company has a quick ratio of 8.13, a current ratio of 8.18 and a debt-to-equity ratio of 0.14. Zillow Group Inc Class A has a one year low of $38.17 and a one year high of $65.42. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 292.07 and a beta of 0.93.

Zillow Group Inc Class A (NASDAQ:ZG) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.19. Zillow Group Inc Class A had a positive return on equity of 0.23% and a negative net margin of 7.54%. The business had revenue of $325.25 million during the quarter, compared to analysts’ expectations of $325.52 million. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. sell-side analysts anticipate that Zillow Group Inc Class A will post -0.14 EPS for the current year.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Zillow Group Inc Class A during the 1st quarter worth about $183,000. First Capital Advisors Group LLC. acquired a new position in shares of Zillow Group Inc Class A during the 2nd quarter worth about $223,000. Strs Ohio acquired a new position in shares of Zillow Group Inc Class A during the 2nd quarter worth about $248,000. Sei Investments Co. grew its position in shares of Zillow Group Inc Class A by 204.0% during the 1st quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock worth $280,000 after buying an additional 3,474 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Zillow Group Inc Class A by 805.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock worth $283,000 after buying an additional 4,666 shares during the period. 25.65% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Inc Class A 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.

Further Reading: Relative Strength Index

Analyst Recommendations for Zillow Group Inc Class A (NASDAQ:ZG)

Receive News & Ratings for Zillow Group Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply