Zillow Group, Inc. (ZG) Downgraded by ValuEngine to Sell
ValuEngine lowered shares of Zillow Group, Inc. (NASDAQ:ZG) from a hold rating to a sell rating in a report published on Wednesday.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Zillow Group from a hold rating to a buy rating and set a $49.00 target price on the stock in a research note on Wednesday, May 10th. Craig Hallum reissued a buy rating on shares of Zillow Group in a report on Thursday, June 22nd. Bank of America Corporation reissued a buy rating and set a $53.00 price objective (up from $45.00) on shares of Zillow Group in a report on Wednesday, June 21st. Canaccord Genuity boosted their price objective on shares of Zillow Group from $50.00 to $52.00 and gave the company a buy rating in a report on Wednesday, August 9th. Finally, Needham & Company LLC boosted their price objective on shares of Zillow Group from $48.00 to $52.00 and gave the company a buy rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Zillow Group presently has an average rating of Buy and a consensus target price of $45.07.
Shares of Zillow Group (ZG) traded down 0.064% during trading on Wednesday, reaching $39.055. 10,642 shares of the company traded hands. The stock’s market capitalization is $7.24 billion. Zillow Group has a 12-month low of $31.17 and a 12-month high of $50.91. The firm’s 50 day moving average is $42.27 and its 200-day moving average is $40.83.
Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.11. The firm had revenue of $266.85 million during the quarter, compared to the consensus estimate of $262.21 million. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.71) EPS. On average, equities research analysts anticipate that Zillow Group will post $0.49 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Zillow Group during the second quarter valued at approximately $473,000. Spark Investment Management LLC purchased a new stake in Zillow Group during the second quarter valued at approximately $5,089,000. Teachers Advisors LLC increased its holdings in Zillow Group by 4.9% during the first quarter. Teachers Advisors LLC now owns 50,852 shares of the technology company’s stock valued at $1,719,000 after buying an additional 2,370 shares during the last quarter. Geode Capital Management LLC increased its holdings in Zillow Group by 14.9% during the first quarter. Geode Capital Management LLC now owns 416,848 shares of the technology company’s stock valued at $14,093,000 after buying an additional 54,099 shares during the last quarter. Finally, Accuvest Global Advisors purchased a new stake in Zillow Group during the second quarter valued at approximately $527,000. 26.13% of the stock is owned by institutional investors and hedge funds.
Zillow Group Company Profile
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 people 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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