Zillow Group, Inc. (ZG) Stock Rating Upgraded by Zacks Investment Research

Zillow Group, Inc. (NASDAQ:ZG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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. “

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada cut their target price on shares of Zillow Group to $40.00 in a research note on Wednesday, February 8th. Stifel Nicolaus upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and upped their target price for the company from $36.00 to $43.00 in a research note on Tuesday, February 14th. Needham & Company LLC upped their target price on shares of Zillow Group from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Canaccord Genuity reiterated a “buy” rating and set a $42.00 target price on shares of Zillow Group in a research note on Wednesday, December 21st. Finally, Morgan Stanley cut shares of Zillow Group from an “overweight” rating to an “equal weight” rating and set a $39.00 target price for the company. in a research note on Friday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Zillow Group presently has an average rating of “Hold” and an average price target of $37.41.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Shares of Zillow Group (NASDAQ:ZG) traded down 0.55% during midday trading on Friday, hitting $36.04. 230,452 shares of the stock were exchanged. The company’s market cap is $6.55 billion. Zillow Group has a 12-month low of $20.87 and a 12-month high of $39.99. The firm has a 50-day moving average price of $35.28 and a 200-day moving average price of $35.23.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 7th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm earned $227.60 million during the quarter, compared to analysts’ expectations of $222.30 million. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, equities analysts predict that Zillow Group will post $0.43 EPS for the current year.

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Several large investors have recently bought and sold shares of ZG. 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 valued at $388,000 after buying an additional 2,189 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Zillow Group by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,695 shares of the company’s stock valued at $368,000 after buying an additional 646 shares during the last quarter. Brighton Jones LLC purchased a new stake in Zillow Group during the third quarter valued at $334,000. Wells Fargo & Company MN raised its stake in Zillow Group by 4.6% in the third quarter. Wells Fargo & Company MN now owns 14,549 shares of the company’s stock valued at $500,000 after buying an additional 646 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in Zillow Group by 62.7% in the third quarter. State of Wisconsin Investment Board now owns 542,190 shares of the company’s stock valued at $18,678,000 after buying an additional 208,893 shares during the last quarter. 27.41% of the stock is currently owned by institutional investors and hedge funds.

5 Day Chart for NASDAQ:ZG

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