ValuEngine upgraded shares of Zillow Group (NASDAQ:ZG) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, ValuEngine reports.

A number of other analysts have also recently commented on ZG. Piper Jaffray Companies started coverage on Zillow Group in a research note on Thursday, June 13th. They issued a neutral rating and a $48.00 price target for the company. Canaccord Genuity set a $52.00 price target on Zillow Group and gave the company a hold rating in a research note on Wednesday, June 19th. Cowen started coverage on Kontoor Brands in a research note on Monday, April 8th. They issued a neutral rating and a $7.50 price target for the company. Guggenheim upped their price target on Zillow Group from $45.00 to $50.00 in a research note on Tuesday, June 18th. Finally, Craig Hallum cut Barnes & Noble from a buy rating to a hold rating and set a $7.00 price target for the company. in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $45.46.

Zillow Group stock opened at $49.91 on Thursday. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25. Zillow Group has a 1 year low of $26.20 and a 1 year high of $64.66. The firm has a market cap of $9.99 billion, a P/E ratio of -191.96 and a beta of 0.82. The company’s 50-day simple moving average is $45.05.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, May 9th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.08. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The company had revenue of $454.10 million for the quarter, compared to the consensus estimate of $432.09 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 51.4% compared to the same quarter last year. On average, research analysts expect that Zillow Group will post -1.62 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZG. BlackRock Inc. grew its stake in shares of Zillow Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 2,328,142 shares of the technology company’s stock worth $73,173,000 after acquiring an additional 88,853 shares in the last quarter. Aviva PLC grew its stake in shares of Zillow Group by 111.8% in the fourth quarter. Aviva PLC now owns 20,904 shares of the technology company’s stock worth $657,000 after acquiring an additional 11,032 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zillow Group by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 321,335 shares of the technology company’s stock worth $10,100,000 after acquiring an additional 46,861 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Zillow Group by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 479,865 shares of the technology company’s stock worth $15,082,000 after acquiring an additional 28,766 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Zillow Group in the fourth quarter worth $6,137,000. 24.15% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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