TheStreet downgraded shares of Zillow Group (NASDAQ:ZG) from a c- rating to a d+ rating in a research note issued to investors on Wednesday, September 4th, TheStreetRatingsTable reports.
A number of other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Zillow Group from a buy rating to a hold rating in a report on Wednesday, August 21st. Jefferies Financial Group raised their price objective on shares of Zillow Group from $36.00 to $40.00 and gave the stock a hold rating in a research note on Friday, May 10th. KeyCorp reissued an overweight rating and set a $66.00 price objective on shares of Zillow Group in a research note on Friday, July 19th. Bank of America raised their target price on shares of Zillow Group from $31.00 to $35.00 and gave the stock an underperform rating in a research report on Friday, May 10th. Finally, SunTrust Banks restated a buy rating and set a $56.00 target price on shares of Zillow Group in a research report on Friday, September 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $47.27.
NASDAQ ZG opened at $31.98 on Wednesday. Zillow Group has a 1 year low of $26.20 and a 1 year high of $50.99. The company has a market capitalization of $6.61 billion, a PE ratio of -123.00 and a beta of 0.95. The company has a fifty day moving average of $38.83 and a two-hundred day moving average of $40.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.67 and a quick ratio of 2.76.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 7th. The technology company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.07. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.12%. The business had revenue of $599.58 million during the quarter, compared to the consensus estimate of $585.11 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up 84.3% compared to the same quarter last year. On average, research analysts expect that Zillow Group will post -1.62 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Zillow Group by 17.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 321,335 shares of the technology company’s stock valued at $10,100,000 after buying an additional 46,861 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Zillow Group by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 479,865 shares of the technology company’s stock valued at $15,082,000 after buying an additional 28,766 shares during the period. 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 during the period. Raymond James & Associates boosted its holdings in shares of Zillow Group by 1.3% in the 1st quarter. Raymond James & Associates now owns 132,753 shares of the technology company’s stock valued at $4,540,000 after buying an additional 1,755 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of Zillow Group in the 1st quarter valued at about $308,000. 24.22% of the stock is owned by institutional investors.
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.
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