Bank of America reaffirmed their sell rating on shares of Zillow Group (NASDAQ:ZG) in a report published on Monday, TipRanks reports. Bank of America currently has a $20.00 price target on the technology company’s stock.
ZG has been the topic of several other reports. Guggenheim lowered Zillow Group from a buy rating to a neutral rating in a research note on Thursday, February 20th. Wedbush reduced their price objective on Zillow Group from to in a research note on Wednesday, March 18th. Goldman Sachs Group raised their price objective on Zillow Group from $39.00 to $57.00 and gave the company a neutral rating in a research note on Thursday, February 20th. Citigroup raised their price objective on Zillow Group from $46.00 to $70.00 and gave the company a neutral rating in a research note on Friday, February 21st. Finally, Barclays raised their price objective on Zillow Group from $29.00 to $37.00 and gave the company an underweight rating in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Zillow Group has a consensus rating of Hold and an average price target of $50.00.
Shares of NASDAQ ZG opened at $38.66 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.90 and a current ratio of 3.81. Zillow Group has a 52 week low of $18.65 and a 52 week high of $66.96. The stock has a market capitalization of $7.91 billion, a P/E ratio of -26.12 and a beta of 0.52. The stock’s fifty day moving average is $46.82 and its 200 day moving average is $40.56.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.33. The business had revenue of $943.95 million for the quarter, compared to analyst estimates of $813.99 million. Zillow Group had a negative return on equity of 9.12% and a negative net margin of 11.13%. Zillow Group’s revenue was up 158.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.46) earnings per share. Equities research analysts forecast that Zillow Group will post -2.22 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in ZG. Tower Research Capital LLC TRC lifted its stake in shares of Zillow Group by 11,212.5% in the third quarter. Tower Research Capital LLC TRC now owns 905 shares of the technology company’s stock worth $27,000 after acquiring an additional 897 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Zillow Group by 15.3% in the third quarter. Squarepoint Ops LLC now owns 31,695 shares of the technology company’s stock worth $936,000 after acquiring an additional 4,197 shares during the period. Brighton Jones LLC acquired a new position in shares of Zillow Group in the fourth quarter worth approximately $367,000. ARK Investment Management LLC acquired a new position in shares of Zillow Group in the fourth quarter worth approximately $110,098,000. Finally, Baillie Gifford & Co. lifted its stake in shares of Zillow Group by 3.3% in the fourth quarter. Baillie Gifford & Co. now owns 3,611,583 shares of the technology company’s stock worth $165,194,000 after acquiring an additional 114,053 shares during the period. 25.97% of the stock is currently owned by hedge funds and other 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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