Zillow Group (ZG) Receiving Positive Press Coverage, Report Finds
News stories about Zillow Group (NASDAQ:ZG) have been trending positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Zillow Group earned a coverage optimism score of 0.33 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.9131814631514 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Forest City Enterprises (FCE-A) and Zillow Group (ZG) Head-To-Head Survey (americanbankingnews.com)
- $276.80 Million in Sales Expected for Zillow Group, Inc. (ZG) This Quarter (americanbankingnews.com)
- Forest City Enterprises (FCE-A) vs. Zillow Group (ZG) Head-To-Head Review (americanbankingnews.com)
- Millennials Going Over Budget to Buy Homes in Today’s Hot Market – Markets Insider (markets.businessinsider.com)
- Bridge Interactive Receives RESO Web API Certification – Markets Insider (markets.businessinsider.com)
Zillow Group (ZG) opened at 40.15 on Friday. The firm’s market capitalization is $7.45 billion. The stock’s 50 day moving average is $41.82 and its 200-day moving average is $40.88. Zillow Group has a 52 week low of $31.17 and a 52 week high of $50.91.
Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 4.47% and a negative return on equity of 0.40%. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.71) earnings per share. On average, equities research analysts expect that Zillow Group will post $0.50 EPS for the current year.
A number of research analysts have commented on ZG shares. Deutsche Bank AG restated a “hold” rating and issued a $50.00 price objective (up from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. ValuEngine lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Craig Hallum restated a “buy” rating on shares of Zillow Group in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, KeyCorp started coverage on shares of Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.07.
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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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