Bank of America Corp. reissued their buy rating on shares of Zillow Group Inc. (NASDAQ:ZG) in a research note released on Thursday. They currently have a $40.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Zillow Group from a buy rating to a hold rating in a report on Wednesday, October 12th. Susquehanna reaffirmed 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. Deutsche Bank AG increased their price target on shares of Zillow Group from $20.00 to $30.00 and gave the company a hold rating in a report on Wednesday, August 10th. Mizuho raised their price objective on shares of Zillow Group from $32.00 to $35.00 and gave the stock a neutral rating in a research note on Friday, August 5th. Finally, RBC Capital Markets raised their price objective on shares of Zillow Group to $42.00 in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Zillow Group has a consensus rating of Buy and an average target price of $37.13.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Shares of Zillow Group (NASDAQ:ZG) traded up 0.25% on Thursday, reaching $35.59. The company had a trading volume of 104,110 shares. The firm’s market capitalization is $6.43 billion. The stock’s 50 day moving average is $33.71 and its 200 day moving average is $33.75. Zillow Group has a 52 week low of $16.45 and a 52 week high of $39.99.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. The firm earned $224.60 million during the quarter. Zillow Group had a negative return on equity of 8.48% and a negative net margin of 28.25%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities analysts anticipate that Zillow Group will post ($0.53) EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd purchased a new position in shares of Zillow Group during the first quarter worth $332,231,000. BlackRock Institutional Trust Company N.A. bought a new position in Zillow Group during the first quarter valued at $26,596,000. 1832 Asset Management L.P. bought a new position in Zillow Group during the second quarter valued at $24,431,000. Friess Associates LLC bought a new position in Zillow Group during the second quarter valued at $11,911,000. Finally, State of Wisconsin Investment Board increased its position in Zillow Group by 992.4% in the second quarter. State of Wisconsin Investment Board now owns 333,297 shares of the company’s stock valued at $12,215,000 after buying an additional 302,787 shares during the period. Institutional investors and hedge funds own 29.99% of the company’s stock.

5 Day Chart for NASDAQ:ZG

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