Zillow Group’s (ZG) “Hold” Rating Reiterated at Raymond James
Zillow Group (NASDAQ:ZG)‘s stock had its “hold” rating restated by analysts at Raymond James in a research report issued to clients and investors on Wednesday, September 4th, TipRanks reports.
A number of other equities research analysts also recently commented on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $66.00 target price on shares of Zillow Group in a research report on Friday, July 19th. Guggenheim lifted their price target on shares of Zillow Group from $45.00 to $50.00 in a research note on Tuesday, June 18th. SunTrust Banks restated a “buy” rating and set a $56.00 target price on shares of Zillow Group in a research note on Friday, September 6th. TheStreet cut shares of Zillow Group from a “c-” rating to a “d+” rating in a research note on Wednesday, September 4th. Finally, Piper Jaffray Companies assumed coverage on shares of Zillow Group in a research note on Thursday, June 13th. They set a “neutral” rating and a $48.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.27.
ZG stock opened at $31.93 on Wednesday. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $38.51 and a 200-day moving average price of $39.94. Zillow Group has a 52-week low of $26.20 and a 52-week high of $50.99.Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.35) earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $599.58 million during the quarter, compared to the consensus estimate of $585.11 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The firm’s quarterly revenue was up 84.3% compared to the same quarter last year. Research analysts predict that Zillow Group will post -1.62 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position 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 worth $10,100,000 after purchasing an additional 46,861 shares during the period. Geode Capital Management LLC raised its holdings in shares of Zillow Group by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 479,865 shares of the technology company’s stock worth $15,082,000 after buying an additional 28,766 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Zillow Group by 123.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,742 shares of the technology company’s stock worth $196,000 after buying an additional 3,170 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Zillow Group by 1.3% in the first quarter. Raymond James & Associates now owns 132,753 shares of the technology company’s stock worth $4,540,000 after buying an additional 1,755 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Zillow Group in the first quarter worth $308,000. Institutional investors and hedge funds own 24.22% of the company’s stock.
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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