Zillow Group, Inc. (NASDAQ:ZG) had its target price raised by analysts at Royal Bank Of Canada from $49.00 to $51.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 26.80% from the company’s current price.

Several other brokerages also recently commented on ZG. Canaccord Genuity upped their target price on shares of Zillow Group from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Needham & Company LLC upped their target price on shares of Zillow Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, August 16th. Macquarie assumed coverage on shares of Zillow Group in a research note on Monday, September 25th. They issued a “neutral” rating for the company. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $50.00 target price (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.31.

Shares of Zillow Group (ZG) opened at $40.22 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.70 and a current ratio of 6.70. Zillow Group has a 12 month low of $32.63 and a 12 month high of $50.91.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The business had revenue of $282.00 million during the quarter, compared to the consensus estimate of $276.57 million. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. Zillow Group’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. equities research analysts forecast that Zillow Group will post -0.1 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its holdings in Zillow Group by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 6,054 shares of the technology company’s stock worth $296,000 after purchasing an additional 29 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Zillow Group by 0.8% during the second quarter. Tudor Investment Corp ET AL now owns 25,597 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 211 shares during the last quarter. Rhumbline Advisers boosted its holdings in Zillow Group by 0.4% during the second quarter. Rhumbline Advisers now owns 53,487 shares of the technology company’s stock worth $2,612,000 after purchasing an additional 226 shares during the last quarter. Aperio Group LLC boosted its holdings in Zillow Group by 1.4% during the second quarter. Aperio Group LLC now owns 16,405 shares of the technology company’s stock worth $801,000 after purchasing an additional 232 shares during the last quarter. Finally, Utah Retirement Systems lifted its stake in Zillow Group by 3.2% in the second quarter. Utah Retirement Systems now owns 9,600 shares of the technology company’s stock valued at $469,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 26.09% of the company’s stock.

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.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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