According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “
ZG has been the topic of several other reports. Needham & Company LLC initiated coverage on shares of Zillow Group in a report on Friday, October 7th. They set a buy rating and a $40.00 price target on the stock. Goldman Sachs Group Inc. reiterated a buy rating and set a $38.00 price target (up from $34.00) on shares of Zillow Group in a report on Friday, June 17th. Vetr downgraded shares of Zillow Group from a sell rating to a strong sell rating and set a $31.00 price target on the stock. in a report on Monday, June 20th. Deutsche Bank AG upped their price target on shares of Zillow Group from $20.00 to $30.00 and gave the company a hold rating in a report on Wednesday, August 10th. Finally, Pacific Crest reissued a hold rating on shares of Zillow Group in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $36.38.
Zillow Group (NASDAQ:ZG) opened at 32.56 on Wednesday. Zillow Group has a 52 week low of $16.45 and a 52 week high of $39.99. The company’s market cap is $5.84 billion. The firm’s 50 day moving average is $34.02 and its 200-day moving average is $32.05.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.68. The firm had revenue of $208.40 million for the quarter, compared to the consensus estimate of $205.90 million. Zillow Group had a negative net margin of 34.51% and a negative return on equity of 9.25%. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, analysts predict that Zillow Group will post ($0.56) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of Zillow Group by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,695 shares of the company’s stock worth $368,000 after buying an additional 646 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Zillow Group by 26.1% in the second quarter. Public Employees Retirement System of Ohio now owns 10,582 shares of the company’s stock worth $388,000 after buying an additional 2,189 shares during the last quarter. Stifel Financial Corp acquired a new stake in Zillow Group during the second quarter worth $2,809,000. Amalgamated Bank acquired a new stake in Zillow Group during the second quarter worth $266,000. Finally, Legal & General Group Plc raised its stake in Zillow Group by 67.4% in the second quarter. Legal & General Group Plc now owns 5,303 shares of the company’s stock worth $194,000 after buying an additional 2,135 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.
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