A number of other equities research analysts have also recently commented on ZG. Zacks Investment Research upgraded Zillow Group from a hold rating to a buy rating and set a $38.00 target price on the stock in a research note on Thursday, October 6th. Deutsche Bank AG lifted their target price on Zillow Group from $20.00 to $30.00 and gave the stock a hold rating in a research note on Wednesday, August 10th. Susquehanna reiterated a neutral rating and set a $35.00 target price (up from $30.00) on shares of Zillow Group in a research note on Monday, August 8th. Cowen and Company reiterated a market perform rating and set a $37.00 target price (up from $29.00) on shares of Zillow Group in a research note on Monday, August 8th. Finally, Pacific Crest reiterated a hold rating on shares of Zillow Group in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $36.38.
Shares of Zillow Group (NASDAQ:ZG) opened at 32.61 on Friday. The company’s 50-day moving average is $34.11 and its 200 day moving average is $31.99. The company’s market cap is $5.85 billion. Zillow Group has a 52-week low of $16.45 and a 52-week high of $39.99.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.71) earnings per share for the quarter, missing the 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 company had revenue of $208.40 million for the quarter, compared to the consensus estimate of $205.90 million. The business’s revenue was up 31.3% on a year-over-year basis. On average, analysts anticipate that Zillow Group will post ($0.56) EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY increased its stake in Zillow Group by 25.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,130 shares of the company’s stock worth $115,000 after buying an additional 643 shares during the last quarter. BlackRock Inc. purchased a new stake in Zillow Group during the first quarter worth $166,000. Legal & General Group Plc increased 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. UBS Asset Management Americas Inc. purchased a new stake in Zillow Group during the second quarter worth $202,000. Finally, Rafferty Asset Management LLC purchased a new stake in Zillow Group during the second quarter worth $202,000. Hedge funds and other institutional investors own 29.86% of the company’s stock.
Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.