Zillow Group Inc (ZG) Receives $49.94 Consensus Price Target from Analysts

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Zillow Group Inc (NASDAQ:ZG) has earned an average rating of “Hold” from the twenty research firms that are presently covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $49.06.

Several analysts recently commented on the stock. ValuEngine cut shares of Zillow Group from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 10th. Canaccord Genuity set a $60.00 price objective on shares of Zillow Group and gave the company a “buy” rating in a research report on Friday, September 7th. Craig Hallum set a $40.00 price objective on shares of Zillow Group and gave the company a “hold” rating in a research report on Tuesday, October 9th. Finally, Deutsche Bank cut their price objective on shares of Zillow Group from $45.00 to $39.00 and set a “hold” rating on the stock in a research report on Monday.

Shares of ZG opened at $40.75 on Friday. Zillow Group has a one year low of $36.55 and a one year high of $65.42. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 271.67 and a beta of 1.12. 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 (NASDAQ:ZG) last announced its earnings results on Monday, August 6th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.19. Zillow Group had a negative net margin of 7.54% and a positive return on equity of 0.23%. The company had revenue of $325.25 million during the quarter, compared to analysts’ expectations of $325.52 million. During the same period last year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, analysts anticipate that Zillow Group will post -0.14 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Motley Fool Wealth Management LLC grew its stake in shares of Zillow Group by 12.2% in the third quarter. Motley Fool Wealth Management LLC now owns 102,076 shares of the technology company’s stock worth $4,512,000 after acquiring an additional 11,102 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Zillow Group in the third quarter worth $402,000. Wells Fargo & Company MN grew its stake in shares of Zillow Group by 58.8% in the third quarter. Wells Fargo & Company MN now owns 24,716 shares of the technology company’s stock worth $1,092,000 after acquiring an additional 9,153 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Zillow Group in the third quarter worth $208,000. Finally, Garner Asset Management Corp grew its stake in shares of Zillow Group by 20.3% in the third quarter. Garner Asset Management Corp now owns 14,950 shares of the technology company’s stock worth $661,000 after acquiring an additional 2,525 shares during the last quarter. 25.73% of the stock is currently owned by institutional investors.

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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