Favorable Media Coverage Somewhat Unlikely to Impact Zillow Group (ZG) Stock Price
News stories about Zillow Group (NASDAQ:ZG) have trended positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zillow Group earned a news sentiment score of 0.49 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.2739462628877 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Zillow Group (NASDAQ ZG) traded up $0.37 during trading hours on Thursday, reaching $41.77. 247,000 shares of the company traded hands, compared to its average volume of 445,459. Zillow Group has a 1-year low of $32.63 and a 1-year high of $50.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Zillow Group had a negative net margin of 3.99% and a negative return on equity of 0.25%. The business had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.57 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Zillow Group’s quarterly revenue was up 25.6% on a year-over-year basis. research analysts anticipate that Zillow Group will post -0.06 EPS for the current fiscal year.
A number of research firms have issued reports on ZG. Royal Bank Of Canada restated an “outperform” rating and issued a $49.00 price objective (up previously from $48.00) on shares of Zillow Group in a research report on Thursday, August 10th. Canaccord Genuity boosted their price objective on shares of Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Needham & Company LLC boosted their price objective on shares of Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, August 16th. Finally, Macquarie assumed coverage on shares of Zillow Group in a research note on Monday, September 25th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.21.
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About Zillow Group
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 people 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.
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