Zillow Group Inc (ZG) Receives Consensus Rating of “Hold” from Analysts

Shares of Zillow Group Inc (NASDAQ:ZG) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.97.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Saturday, January 12th. Canaccord Genuity set a $42.00 price target on shares of Zillow Group and gave the stock a “buy” rating in a report on Friday, February 22nd. Wedbush upped their price target on shares of Zillow Group from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, February 27th. They noted that the move was a valuation call. ValuEngine upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Finally, Barclays reiterated a “hold” rating on shares of Zillow Group in a report on Friday, February 22nd.

Shares of ZG opened at $32.06 on Friday. Zillow Group has a one year low of $26.20 and a one year high of $65.42. The company has a market cap of $6.79 billion, a price-to-earnings ratio of -123.31 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.58 and a quick ratio of 6.02.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. Zillow Group had a negative net margin of 8.99% and a negative return on equity of 1.63%. The business had revenue of $365.34 million during the quarter, compared to the consensus estimate of $349.46 million. On average, sell-side analysts anticipate that Zillow Group will post -1.44 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in shares of Zillow Group during the 4th quarter worth about $25,000. Resources Investment Advisors Inc. bought a new position in shares of Zillow Group during the 4th quarter worth about $47,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Zillow Group during the 4th quarter worth about $116,000. BNP Paribas Arbitrage SA boosted its position in shares of Zillow Group by 123.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,742 shares of the technology company’s stock worth $196,000 after purchasing an additional 3,170 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Zillow Group by 3,750.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,700 shares of the technology company’s stock worth $242,000 after purchasing an additional 7,500 shares in the last quarter. 25.10% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

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.

Further Reading: Real Estate Investment Trust (REIT) ETF

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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