Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given a consensus rating of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $47.31.

Several research firms recently issued reports on ZG. JMP Securities increased their price target on shares of Zillow Group from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. Macquarie began coverage on shares of Zillow Group in a report on Monday, September 25th. They set a “neutral” rating for the company. Canaccord Genuity reissued a “buy” rating and set a $52.00 price target on shares of Zillow Group in a report on Wednesday, November 8th. Barclays increased their price target on shares of Zillow Group from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research cut shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th.

Several institutional investors and hedge funds have recently modified their holdings of ZG. Advisors Asset Management Inc. purchased a new position in shares of Zillow Group during the 2nd quarter worth approximately $161,000. Stifel Financial Corp purchased a new position in shares of Zillow Group during the 2nd quarter worth approximately $209,000. Virtu KCG Holdings LLC purchased a new position in shares of Zillow Group during the 2nd quarter worth approximately $274,000. Cetera Advisors LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $284,000. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Zillow Group by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,054 shares of the technology company’s stock worth $296,000 after purchasing an additional 29 shares in the last quarter. 25.40% of the stock is owned by institutional investors and hedge funds.

Shares of Zillow Group (NASDAQ ZG) traded up $0.54 on Thursday, hitting $41.18. 400,303 shares of the stock traded hands, compared to its average volume of 454,147. Zillow Group has a twelve month low of $32.63 and a twelve month high of $50.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share 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 during the quarter, compared to the consensus estimate of $276.57 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. sell-side analysts anticipate that Zillow Group will post -0.04 EPS for the current year.

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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.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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