Susquehanna Bancshares downgraded shares of Zillow Group (NASDAQ:ZG) from a neutral rating to a negative rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

A number of other brokerages have also issued reports on ZG. Zacks Investment Research upgraded shares of Zillow Group from a sell rating to a hold rating in a research note on Monday, July 16th. Bank of America lowered shares of Zillow Group from a buy rating to a neutral rating and dropped their price target for the stock from $70.00 to $60.00 in a research note on Tuesday, August 7th. Royal Bank of Canada dropped their price target on shares of Zillow Group to $46.00 and set an in-line rating on the stock in a research note on Tuesday, August 7th. DA Davidson set a $52.00 price target on shares of Zillow Group and gave the stock a hold rating in a research note on Tuesday, August 7th. Finally, Jefferies Financial Group dropped their price target on shares of Zillow Group from $60.00 to $52.00 and set a hold rating on the stock in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $43.65.

Shares of NASDAQ:ZG traded up $0.89 on Wednesday, reaching $30.45. The company’s stock had a trading volume of 998,408 shares, compared to its average volume of 971,864. Zillow Group has a 52-week low of $29.00 and a 52-week high of $65.42. The company has a quick ratio of 8.13, a current ratio of 11.72 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. The business had revenue of $343.09 million for the quarter, compared to analyst estimates of $343.73 million. Sell-side analysts predict that Zillow Group will post -0.14 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Elmwood Wealth Management Inc. purchased a new stake in shares of Zillow Group in the third quarter valued at about $150,000. Engineers Gate Manager LP purchased a new stake in shares of Zillow Group in the third quarter valued at about $208,000. First Capital Advisors Group LLC. purchased a new stake in shares of Zillow Group in the second quarter valued at about $223,000. Strs Ohio purchased a new stake in shares of Zillow Group in the second quarter valued at about $248,000. Finally, Lourd Capital LLC purchased a new stake in shares of Zillow Group in the third quarter valued at about $281,000. Institutional investors own 25.73% of the company’s stock.

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 consumers 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.

Further Reading: How Do You Make Money With Penny Stocks?

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.