Zillow Group, Inc. (ZG) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Zillow Group, Inc. (NASDAQ:ZG) from a sell rating to a hold rating in a research note released on Saturday morning.

According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “

ZG has been the topic of several other research reports. JMP Securities reaffirmed an outperform rating and issued a $43.00 target price on shares of Zillow Group in a report on Wednesday, February 8th. Canaccord Genuity reaffirmed a buy rating and issued a $42.00 target price on shares of Zillow Group in a report on Wednesday, December 21st. Royal Bank of Canada lowered their target price on shares of Zillow Group to $40.00 in a report on Wednesday, February 8th. Needham & Company LLC lifted their target price on shares of Zillow Group from $40.00 to $41.00 and gave the company a buy rating in a report on Wednesday, February 8th. Finally, Stifel Nicolaus raised shares of Zillow Group from a hold rating to a buy rating and lifted their target price for the company from $36.00 to $43.00 in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Zillow Group presently has an average rating of Hold and an average price target of $37.41.

Shares of Zillow Group (NASDAQ:ZG) traded up 0.58% during trading on Friday, hitting $36.16. The stock had a trading volume of 257,236 shares. The stock’s 50 day moving average price is $34.61 and its 200-day moving average price is $35.23. The stock’s market cap is $6.58 billion. Zillow Group has a one year low of $23.63 and a one year high of $39.99.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 7th. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $227.60 million for the quarter, compared to the consensus estimate of $222.30 million. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Analysts expect that Zillow Group will post $0.43 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Palisade Capital Management LLC NJ acquired a new position in shares of Zillow Group during the first quarter worth about $406,000. Fox Run Management L.L.C. acquired a new position in shares of Zillow Group during the first quarter worth about $213,000. Highbridge Capital Management LLC boosted its position in shares of Zillow Group by 242.9% in the fourth quarter. Highbridge Capital Management LLC now owns 15,860 shares of the technology company’s stock worth $578,000 after buying an additional 26,960 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Zillow Group by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 48,482 shares of the technology company’s stock worth $1,767,000 after buying an additional 4,100 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Zillow Group during the fourth quarter worth about $200,000. Institutional investors own 27.41% of the company’s stock.

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