Barclays lowered shares of Zillow Group (NASDAQ:ZG) from an equal weight rating to an underweight rating in a research note released on Thursday, Marketbeat.com reports. The firm currently has $36.67 price objective on the technology company’s stock.

Other analysts have also recently issued reports about the company. Standpoint Research started coverage on Zillow Group in a report on Monday, November 26th. They set a buy rating on the stock. Wedbush upped their price objective on Zillow Group from $30.00 to $39.00 and gave the stock a neutral rating in a report on Wednesday, February 27th. They noted that the move was a valuation call. Zacks Investment Research raised Zillow Group from a hold rating to a buy rating and set a $35.00 price objective on the stock in a report on Saturday, January 12th. ValuEngine cut Zillow Group from a hold rating to a sell rating in a report on Tuesday, March 5th. Finally, Craig Hallum raised Zillow Group from a hold rating to a buy rating and set a $50.00 price objective on the stock in a report on Thursday, November 29th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. Zillow Group currently has a consensus rating of Hold and a consensus target price of $44.67.

ZG stock opened at $37.03 on Thursday. Zillow Group has a 1-year low of $26.20 and a 1-year high of $65.42. The company has a quick ratio of 6.02, a current ratio of 6.58 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of -142.42 and a beta of 1.29.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. Zillow Group had a negative return on equity of 1.63% and a negative net margin of 8.99%. The business had revenue of $365.34 million during the quarter, compared to the consensus estimate of $349.46 million. On average, sell-side analysts expect that Zillow Group will post -1.4 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Zillow Group by 206.5% during the 3rd quarter. Vanguard Group Inc. now owns 14,959,121 shares of the technology company’s stock valued at $661,673,000 after buying an additional 10,077,908 shares during the period. Vanguard Group Inc raised its holdings in Zillow Group by 9.5% during the 3rd quarter. Vanguard Group Inc now owns 5,344,679 shares of the technology company’s stock valued at $236,235,000 after buying an additional 463,466 shares during the period. Morgan Stanley raised its holdings in Zillow Group by 124.7% during the 3rd quarter. Morgan Stanley now owns 3,965,989 shares of the technology company’s stock valued at $175,296,000 after buying an additional 2,201,039 shares during the period. BlackRock Inc. raised its holdings in Zillow Group by 4.0% during the 4th quarter. BlackRock Inc. now owns 2,328,142 shares of the technology company’s stock valued at $73,173,000 after buying an additional 88,853 shares during the period. Finally, Norges Bank purchased a new stake in Zillow Group during the 4th quarter valued at $28,753,000. Institutional investors own 24.82% of the company’s stock.

Zillow Group Company Profile

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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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