Today: The Zillow Group Inc. (ZG) Given Average Rating of “Hold” by Brokerages

The Zillow Group Inc. (ZG) Given Average Rating of “Hold” by Brokerages

Shares of Zillow Group Inc. (NASDAQ:ZG) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $36.27.

A number of analysts have recently weighed in on the company. RBC Capital Markets reiterated a “buy” rating and set a $42.00 price target (up from $36.00) on shares of Zillow Group in a research report on Tuesday, August 2nd. Royal Bank Of Canada increased their price target on Zillow Group from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Canaccord Genuity increased their price target on Zillow Group from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Barclays PLC increased their price target on Zillow Group from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Finally, Benchmark Co. increased their price target on Zillow Group from $34.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 5th.

Several hedge funds have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd purchased a new stake in shares of Zillow Group during the first quarter valued at about $332,231,000. Wellington Management Group LLP purchased a new stake in shares of Zillow Group during the first quarter valued at about $135,750,000. BlackRock Institutional Trust Company N.A. purchased a new stake in shares of Zillow Group during the first quarter valued at about $26,596,000. 1832 Asset Management L.P. purchased a new stake in shares of Zillow Group during the second quarter valued at about $24,431,000. Finally, Friess Associates LLC purchased a new stake in shares of Zillow Group during the second quarter valued at about $11,911,000. Institutional investors own 29.87% of the company’s stock.

Zillow Group (NASDAQ:ZG) opened at 32.07 on Wednesday. Zillow Group has a one year low of $16.45 and a one year high of $39.99. The firm’s market capitalization is $5.75 billion. The company’s 50-day moving average price is $33.62 and its 200 day moving average price is $32.72.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.68. Zillow Group had a negative net margin of 34.51% and a negative return on equity of 9.25%. The firm had revenue of $208.40 million for the quarter, compared to analyst estimates of $205.90 million. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, analysts forecast that Zillow Group will post ($0.55) earnings per share for the current year.

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