Zillow Group, Inc. (ZG) PT Raised to $52.00 at Canaccord Genuity

Zillow Group, Inc. (NASDAQ:ZG) had its price target boosted by analysts at Canaccord Genuity from $50.00 to $52.00 in a research report issued to clients and investors on Wednesday, August 9th, Marketbeat reports. The firm presently has a “buy” rating on the technology company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 33.74% from the stock’s current price.

Several other research firms have also recently commented on ZG. Deutsche Bank AG restated a “hold” rating and set a $50.00 target price (up from $44.00) on shares of Zillow Group in a research report on Monday, August 7th. Zacks Investment Research cut Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Craig Hallum restated a “buy” rating on shares of Zillow Group in a research report on Thursday, June 22nd. Cowen and Company upped their price objective on Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Finally, Benchmark Co. upped their price objective on Zillow Group from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.07.

Zillow Group (NASDAQ:ZG) traded down 0.87% during mid-day trading on Wednesday, reaching $38.88. The company had a trading volume of 221,966 shares. The stock has a 50 day moving average price of $44.91 and a 200-day moving average price of $40.44. Zillow Group has a 12-month low of $31.17 and a 12-month high of $50.91. The stock’s market capitalization is $7.21 billion.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The business had revenue of $266.85 million for the quarter, compared to analysts’ expectations of $262.21 million. During the same quarter in the previous year, the firm earned ($0.71) earnings per share. Zillow Group’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts anticipate that Zillow Group will post $0.49 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Zillow Group, Inc. (ZG) PT Raised to $52.00 at Canaccord Genuity” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.com-unik.info/2017/08/19/canaccord-genuity-raises-zillow-group-inc-zg-price-target-to-52-00-updated.html.

A number of large investors have recently modified their holdings of ZG. Renaissance Technologies LLC acquired a new position in Zillow Group during the fourth quarter worth approximately $846,000. Norges Bank acquired a new position in Zillow Group during the fourth quarter worth approximately $15,520,000. Quadrature Capital Ltd acquired a new position in Zillow Group during the fourth quarter worth approximately $409,000. UBS Asset Management Americas Inc. acquired a new position in Zillow Group during the fourth quarter worth approximately $200,000. Finally, Teachers Advisors LLC raised its position in 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. Institutional investors own 26.92% of the company’s stock.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

What are top analysts saying about Zillow Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Zillow Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit