Zillow Group, Inc. (ZG) Issues Earnings Results
Zillow Group, Inc. (NASDAQ:ZG) released its quarterly earnings data on Tuesday. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. The business had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.57 million. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS.
Zillow Group (NASDAQ:ZG) traded down $0.66 during trading hours on Thursday, reaching $40.49. The company had a trading volume of 496,873 shares, compared to its average volume of 373,209. Zillow Group has a 52-week low of $32.63 and a 52-week high of $50.91. The company has a current ratio of 6.70, a quick ratio of 6.70 and a debt-to-equity ratio of 0.14.
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ZG has been the topic of several analyst reports. Royal Bank Of Canada raised their target price on Zillow Group from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 target price (up from $44.00) on shares of Zillow Group in a report on Monday, August 7th. ValuEngine downgraded Zillow Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Zacks Investment Research downgraded Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Barclays PLC lifted their price objective on Zillow Group from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $47.21.
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 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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