Zillow Group (ZG) Downgraded by ValuEngine

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Zillow Group (NASDAQ:ZG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other equities research analysts also recently issued reports on ZG. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Jefferies Financial Group upped their price objective on shares of Zillow Group from $60.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Bank of America downgraded shares of Zillow Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $60.00 in a research report on Tuesday, August 7th. Royal Bank of Canada reduced their price objective on shares of Zillow Group to $46.00 and set an “in-line” rating for the company in a research report on Tuesday, August 7th. Finally, DA Davidson set a $52.00 price objective on shares of Zillow Group and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Zillow Group has an average rating of “Hold” and an average price target of $44.94.

Shares of ZG traded down $10.84 on Wednesday, reaching $29.91. The company’s stock had a trading volume of 6,359,200 shares, compared to its average volume of 607,044. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.18 and a quick ratio of 8.13. Zillow Group has a twelve month low of $29.85 and a twelve month high of $65.42. The firm has a market capitalization of $8.39 billion, a PE ratio of 199.40 and a beta of 1.12.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. Zillow Group had a negative net margin of 7.54% and a positive return on equity of 0.23%. The business had revenue of $343.09 million during the quarter, compared to the consensus estimate of $343.73 million. As a group, analysts expect that Zillow Group will post -0.14 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Elmwood Wealth Management Inc. bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $150,000. First Capital Advisors Group LLC. bought a new position in shares of Zillow Group during the 2nd quarter valued at approximately $223,000. Strs Ohio bought a new position in shares of Zillow Group during the 2nd quarter valued at approximately $248,000. Engineers Gate Manager LP bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $208,000. Finally, State of Alaska Department of Revenue boosted its holdings in Zillow Group by 33.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock worth $379,000 after buying an additional 1,610 shares during the period. 25.73% of the stock is owned by hedge funds and other institutional investors.

Zillow Group 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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