Zillow Group, Inc. (NASDAQ:ZG) had its price target raised by equities research analysts at Cowen and Company from $37.00 to $40.00 in a research report issued on Friday, May 5th. The firm presently has a “market perform” rating on the technology company’s stock. Cowen and Company’s target price would suggest a potential downside of 4.10% from the stock’s current price.
Several other equities research analysts also recently issued reports on ZG. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target (up from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Royal Bank of Canada increased their price target on Zillow Group from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research downgraded Zillow Group from a “hold” rating to a “sell” rating in a report on Saturday, April 1st. Mizuho lowered their price target on Zillow Group from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, February 8th. Finally, JMP Securities restated an “outperform” rating and issued a $43.00 price target on shares of Zillow Group in a report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.69.
Shares of Zillow Group (NASDAQ:ZG) traded up 0.26% on Friday, hitting $41.82. The stock had a trading volume of 149,441 shares. The firm has a 50 day moving average price of $37.99 and a 200-day moving average price of $36.33. The company’s market cap is $7.66 billion. Zillow Group has a 52 week low of $27.43 and a 52 week high of $44.58.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.08. The company had revenue of $245.80 million during the quarter, compared to the consensus estimate of $236.04 million. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.13) EPS. Analysts anticipate that Zillow Group will post $0.45 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ZG. Intellectus Partners LLC bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $116,000. UBS Asset Management Americas Inc. bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $200,000. Fox Run Management L.L.C. bought a new position in shares of Zillow Group during the first quarter valued at approximately $213,000. First Republic Investment Management Inc. bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $300,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Zillow Group by 8.8% in the first quarter. Oppenheimer & Co. Inc. now owns 8,687 shares of the technology company’s stock valued at $294,000 after buying an additional 700 shares during the period. 27.41% of the stock is owned by hedge funds and other institutional investors.
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