Zillow Group (ZG) Earns “Neutral” Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Zillow Group (NASDAQ:ZG) in a report released on Wednesday, The Fly reports.

Several other equities analysts have also recently commented on the stock. Susquehanna Bancshares cut shares of Zillow Group from a neutral rating to a negative rating in a research note on Wednesday. Wedbush reissued a hold rating and set a $30.00 target price on shares of Zillow Group in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of Zillow Group from $52.00 to $37.00 and set a hold rating on the stock in a research note on Wednesday. Craig Hallum reissued a hold rating and set a $35.00 target price on shares of Zillow Group in a research note on Wednesday. Finally, Benchmark lowered their target price on shares of Zillow Group from $60.00 to $45.00 and set a buy rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $43.65.

NASDAQ:ZG traded up $0.89 during mid-day trading on Wednesday, hitting $30.45. The stock had a trading volume of 998,408 shares, compared to its average volume of 971,864. Zillow Group has a 52 week low of $29.00 and a 52 week high of $65.42. The company has a current ratio of 11.72, a quick ratio of 8.13 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, November 6th. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $343.09 million for the quarter, compared to analysts’ expectations of $343.73 million. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. As a group, research analysts forecast that Zillow Group will post -0.14 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in shares of Zillow Group by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 161,861 shares of the technology company’s stock worth $9,672,000 after acquiring an additional 7,916 shares in the last quarter. Bank of Montreal Can increased its position in shares of Zillow Group by 2.9% in the second quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock worth $2,024,000 after acquiring an additional 970 shares in the last quarter. Morgan Stanley increased its position in shares of Zillow Group by 982.4% in the second quarter. Morgan Stanley now owns 1,764,950 shares of the technology company’s stock worth $105,457,000 after acquiring an additional 1,601,885 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Zillow Group by 90.1% in the second quarter. Renaissance Technologies LLC now owns 199,800 shares of the technology company’s stock worth $11,938,000 after acquiring an additional 94,700 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Zillow Group in the second quarter worth approximately $896,000. 25.73% of the stock is currently owned by institutional investors.

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 consumers 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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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