DA Davidson Trims Zillow (ZG) Target Price to $57.00

Zillow (NASDAQ:ZG) had its target price reduced by equities research analysts at DA Davidson to $57.00 in a note issued to investors on Monday, The Fly reports. The firm presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price objective indicates a potential upside of 14.37% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other research analysts have also recently commented on the company. Morgan Stanley raised Zillow from an “equal weight” rating to an “overweight” rating and set a $39.00 target price for the company in a research report on Thursday, January 11th. Zacks Investment Research cut Zillow from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. KeyCorp raised Zillow from a “sector weight” rating to an “overweight” rating in a research report on Friday, January 26th. Stifel Nicolaus began coverage on Zillow in a research report on Thursday, January 18th. They issued a “hold” rating and a $38.00 target price for the company. Finally, Canaccord Genuity increased their price objective on Zillow from $53.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.31.

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ZG opened at $49.84 on Monday. The company has a market capitalization of $10,252.97, a PE ratio of 332.27, a price-to-earnings-growth ratio of 48.88 and a beta of 0.93. Zillow has a 1-year low of $34.36 and a 1-year high of $59.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.11 and a quick ratio of 7.11.

Zillow (NASDAQ:ZG) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $277.60 million. Zillow had a positive return on equity of 0.03% and a negative net margin of 8.77%. Zillow’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. sell-side analysts predict that Zillow will post 0.22 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in shares of Zillow by 83.9% in the fourth quarter. Millennium Management LLC now owns 597,199 shares of the technology company’s stock valued at $24,330,000 after buying an additional 272,492 shares in the last quarter. Caledonia Private Investments Pty Ltd boosted its holdings in Zillow by 1.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 14,105,313 shares of the technology company’s stock valued at $574,650,000 after acquiring an additional 196,271 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Zillow by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 59,570 shares of the technology company’s stock valued at $2,427,000 after acquiring an additional 2,050 shares during the last quarter. Paloma Partners Management Co bought a new position in Zillow in the fourth quarter valued at about $238,000. Finally, California State Teachers Retirement System boosted its holdings in Zillow by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 87,266 shares of the technology company’s stock valued at $3,555,000 after acquiring an additional 1,701 shares during the last quarter. Hedge funds and other institutional investors own 26.14% of the company’s stock.

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Zillow Company Profile

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.

The Fly

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