Needham & Company LLC started coverage on shares of Zillow Group Inc. (NASDAQ:ZG) in a report published on Friday. The firm issued a buy rating and a $40.00 target price on the stock.

ZG has been the topic of several other research reports. Susquehanna restated a neutral rating and issued a $35.00 price target (up previously from $30.00) on shares of Zillow Group in a report on Monday, August 8th. Zacks Investment Research raised shares of Zillow Group from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Thursday. Deutsche Bank AG increased their price objective on shares of Zillow Group from $20.00 to $30.00 and gave the company a hold rating in a research report on Wednesday, August 10th. Mizuho increased their price objective on shares of Zillow Group from $32.00 to $35.00 and gave the company a neutral rating in a research report on Friday, August 5th. Finally, RBC Capital Markets increased their price objective on shares of Zillow Group to $42.00 in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Zillow Group currently has an average rating of Hold and an average price target of $36.38.

Zillow Group (NASDAQ:ZG) traded up 0.06% during mid-day trading on Friday, reaching $33.00. 118,288 shares of the company traded hands. The stock’s market capitalization is $5.92 billion. The firm’s 50-day moving average is $34.27 and its 200 day moving average is $31.80. Zillow Group has a 52-week low of $16.45 and a 52-week high of $39.99.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.68. Zillow Group had a negative net margin of 34.51% and a negative return on equity of 9.25%. The business earned $208.40 million during the quarter, compared to analysts’ expectations of $205.90 million. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities research analysts expect that Zillow Group will post ($0.56) earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in shares of Zillow Group by 0.4% in the second quarter. Oppenheimer & Co. Inc. now owns 8,634 shares of the company’s stock worth $316,000 after buying an additional 37 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Zillow Group by 4.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,045 shares of the company’s stock worth $222,000 after buying an additional 231 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Zillow Group by 25.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,130 shares of the company’s stock worth $115,000 after buying an additional 643 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Zillow Group by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,695 shares of the company’s stock worth $368,000 after buying an additional 646 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Zillow Group by 67.4% in the second quarter. Legal & General Group Plc now owns 5,303 shares of the company’s stock worth $194,000 after buying an additional 2,135 shares in the last quarter. 29.86% of the stock is currently owned by hedge funds and other institutional investors.

5 Day Chart for NASDAQ:ZG

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