Zillow Group (NASDAQ:ZG) Downgraded to “Buy” at BidaskClub

BidaskClub downgraded shares of Zillow Group (NASDAQ:ZG) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday, June 26th, BidAskClub reports.

ZG has been the subject of a number of other reports. Barclays reiterated a hold rating on shares of Mettler-Toledo International in a research report on Wednesday, May 15th. Wedbush dropped their price target on shares of Home Depot from $190.00 to $190.00 and set a neutral rating for the company in a research report on Wednesday, February 27th. Guggenheim lifted their price objective on shares of Zillow Group from $45.00 to $50.00 in a research note on Tuesday, June 18th. Cowen began coverage on shares of Kontoor Brands in a research note on Monday, April 8th. They issued a neutral rating and a $7.50 price objective on the stock. Finally, Canaccord Genuity set a $52.00 target price on shares of Zillow Group and gave the stock a hold rating in a research note on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $45.46.

ZG stock traded up $0.06 during trading hours on Wednesday, reaching $48.02. 786,029 shares of the stock were exchanged, compared to its average volume of 957,330. The company has a market cap of $9.84 billion, a P/E ratio of -184.25 and a beta of 0.82. The firm’s 50-day simple moving average is $45.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.98 and a current ratio of 4.73. Zillow Group has a 12 month low of $26.20 and a 12 month high of $64.10.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.08. Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%. The company had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $432.09 million. During the same quarter last year, the company earned $0.07 EPS. Zillow Group’s revenue for the quarter was up 51.4% compared to the same quarter last year. Equities analysts expect that Zillow Group will post -1.62 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of ZG. Twin Tree Management LP bought a new position in Zillow Group during the 1st quarter worth about $29,000. Resources Investment Advisors Inc. bought a new stake in shares of Zillow Group in the 4th quarter valued at about $47,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Zillow Group in the 4th quarter valued at about $116,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Zillow Group by 123.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,742 shares of the technology company’s stock valued at $196,000 after buying an additional 3,170 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Zillow Group in the 1st quarter valued at about $239,000. Institutional investors own 24.15% of the company’s stock.

Zillow Group Company Profile

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.

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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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