BidaskClub cut shares of Zillow Group (NASDAQ:ZG) from a strong-buy rating to a buy rating in a research report released on Tuesday, BidAskClub reports.

Several other equities research analysts have also commented on ZG. Guggenheim upped their price target on shares of Zillow Group from $45.00 to $50.00 in a research report on Tuesday, June 18th. KeyCorp reissued an overweight rating and issued a $66.00 target price on shares of Zillow Group in a report on Friday, July 19th. Jefferies Financial Group increased their target price on shares of Zillow Group from $36.00 to $40.00 and gave the stock a hold rating in a report on Friday, May 10th. Bank of America increased their target price on shares of Zillow Group from $31.00 to $35.00 and gave the stock an underperform rating in a report on Friday, May 10th. Finally, SunTrust Banks assumed coverage on shares of Zillow Group in a report on Tuesday, July 9th. They issued a buy rating and a $49.39 target price for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $45.81.

NASDAQ ZG opened at $34.27 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.98 and a current ratio of 4.73. The company has a market capitalization of $6.96 billion, a PE ratio of -131.81 and a beta of 0.83. Zillow Group has a 52-week low of $26.20 and a 52-week high of $50.99. The company has a 50-day simple moving average of $46.49 and a 200 day simple moving average of $40.36.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 7th. The technology company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.07. The firm had revenue of $599.58 million during the quarter, compared to analyst estimates of $585.11 million. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.11%. The company’s quarterly revenue was up 84.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) earnings per share. As a group, analysts forecast that Zillow Group will post -1.62 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of ZG. Norges Bank bought a new position in shares of Zillow Group during the 4th quarter valued at approximately $28,753,000. State of Wisconsin Investment Board boosted its position in shares of Zillow Group by 94.0% during the 1st quarter. State of Wisconsin Investment Board now owns 1,819,535 shares of the technology company’s stock valued at $62,228,000 after acquiring an additional 881,815 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Zillow Group by 259.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 431,778 shares of the technology company’s stock valued at $19,758,000 after acquiring an additional 311,761 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Zillow Group by 28.5% during the 2nd quarter. Baillie Gifford & Co. now owns 1,389,465 shares of the technology company’s stock valued at $63,581,000 after acquiring an additional 308,151 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Zillow Group in the second quarter worth $10,464,000. Hedge funds and other institutional investors own 24.15% of the company’s stock.

Zillow Group Company Profile

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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