Craig Hallum reiterated their hold rating on shares of Zillow Group (NASDAQ:ZG) in a research note released on Wednesday, The Fly reports. The brokerage currently has a $35.00 price target on the technology company’s stock.
ZG has been the subject of a number of other reports. ValuEngine cut Zillow Group from a hold rating to a sell rating in a research note on Monday, October 8th. Zacks Investment Research cut Zillow Group from a strong-buy rating to a hold rating in a research note on Friday, August 10th. Deutsche Bank lowered their target price on Zillow Group from $45.00 to $39.00 and set a hold rating for the company in a research note on Monday, November 5th. Canaccord Genuity set a $60.00 target price on Zillow Group and gave the stock a buy rating in a research note on Friday, September 7th. Finally, Wedbush reissued a neutral rating and set a $45.00 target price on shares of Zillow Group in a research note on Thursday, September 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Zillow Group has a consensus rating of Hold and an average target price of $43.65.
Shares of ZG stock traded up $0.89 on Wednesday, reaching $30.45. The company had a trading volume of 998,408 shares, compared to its average volume of 971,864. The company has a quick ratio of 8.13, a current ratio of 11.72 and a debt-to-equity ratio of 0.21. Zillow Group has a 12 month low of $29.00 and a 12 month high of $65.42.
Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $343.09 million during the quarter, compared to analysts’ expectations of $343.73 million. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%. As a group, research analysts expect that Zillow Group will post -0.14 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Elmwood Wealth Management Inc. bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $150,000. First Capital Advisors Group LLC. bought a new position in shares of Zillow Group during the 2nd quarter worth approximately $223,000. Strs Ohio bought a new position in shares of Zillow Group during the 2nd quarter worth approximately $248,000. Engineers Gate Manager LP bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $208,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Zillow Group by 33.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock worth $379,000 after acquiring an additional 1,610 shares in the last quarter. 25.73% of the stock is owned by institutional investors.
About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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