Zillow Group, Inc. (NASDAQ:ZG)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a report issued on Thursday. They currently have a $49.00 price objective on the technology company’s stock, up from their prior price objective of $48.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.93% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Craig Hallum reiterated a “buy” rating on shares of Zillow Group in a research note on Thursday, June 22nd. Canaccord Genuity boosted their price target on shares of Zillow Group from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC boosted their price target on shares of Zillow Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America Corporation reiterated a “buy” rating and issued a $53.00 price target (up previously from $45.00) on shares of Zillow Group in a research note on Wednesday, June 21st. Finally, KeyCorp began coverage on shares of Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.29.

Shares of Zillow Group (ZG) opened at 43.39 on Thursday. Zillow Group has a 12 month low of $31.17 and a 12 month high of $50.91. The stock’s market cap is $7.95 billion. The company has a 50 day moving average price of $46.64 and a 200-day moving average price of $40.31.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.11. The firm had revenue of $266.85 million during the quarter, compared to the consensus estimate of $262.21 million. Zillow Group had a negative return on equity of 5.65% and a negative net margin of 19.58%. The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.71) EPS. On average, equities research analysts predict that Zillow Group will post $0.45 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Royal Bank Of Canada Reaffirms “Outperform” Rating for Zillow Group, Inc. (ZG)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/royal-bank-of-canada-reaffirms-outperform-rating-for-zillow-group-inc-zg/1467493.html.

Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its stake in shares of Zillow Group by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,054 shares of the technology company’s stock valued at $296,000 after buying an additional 29 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Zillow Group by 0.4% in the second quarter. Rhumbline Advisers now owns 53,487 shares of the technology company’s stock valued at $2,612,000 after buying an additional 226 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Zillow Group by 1.4% in the second quarter. Aperio Group LLC now owns 16,405 shares of the technology company’s stock valued at $801,000 after buying an additional 232 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Zillow Group by 3.2% in the second quarter. Utah Retirement Systems now owns 9,600 shares of the technology company’s stock valued at $469,000 after buying an additional 300 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Zillow Group by 8.8% in the first quarter. Oppenheimer & Co. Inc. now owns 8,687 shares of the technology company’s stock valued at $294,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 26.82% of the company’s stock.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.