Zillow Group (NASDAQ:ZG)‘s stock had its “sell” rating restated by research analysts at Barclays in a report released on Wednesday, AnalystRatings.com reports. They presently have a $33.00 target price on the technology company’s stock. Barclays‘s price objective suggests a potential downside of 13.79% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Guggenheim raised Zillow Group from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday. Benchmark lifted their price target on Zillow Group from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, May 10th. Canaccord Genuity set a $42.00 price target on Zillow Group and gave the company a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research lowered Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday, February 16th. Finally, ValuEngine upgraded Zillow Group from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $42.47.

NASDAQ:ZG traded up $1.74 on Wednesday, hitting $38.28. 1,754,096 shares of the company’s stock traded hands, compared to its average volume of 982,646. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.73 and a quick ratio of 6.02. Zillow Group has a 1 year low of $26.20 and a 1 year high of $65.42. The stock has a market cap of $7.25 billion, a PE ratio of -147.23 and a beta of 1.23.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, May 9th. The technology company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.08. Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%. The company had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $432.09 million. During the same quarter in the previous year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 51.4% on a year-over-year basis. On average, equities research analysts anticipate that Zillow Group will post -1.44 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. increased its position in Zillow Group by 5.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the technology company’s stock worth $307,000 after buying an additional 475 shares during the period. TIAA CREF Investment Management LLC increased its position in Zillow Group by 0.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 142,721 shares of the technology company’s stock worth $6,308,000 after buying an additional 601 shares during the period. Meeder Asset Management Inc. bought a new position in Zillow Group in the 4th quarter worth approximately $25,000. Twin Tree Management LP bought a new position in Zillow Group in the 1st quarter worth approximately $29,000. Finally, California State Teachers Retirement System increased its position in Zillow Group by 1.2% in the 1st quarter. California State Teachers Retirement System now owns 88,986 shares of the technology company’s stock worth $3,043,000 after buying an additional 1,043 shares during the period. Hedge funds and other institutional investors own 25.04% 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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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