Zillow Group (NASDAQ:ZG) had its price objective dropped by investment analysts at Piper Jaffray Companies from $43.00 to $37.00 in a research note issued on Friday, The Fly reports. The firm currently has a “neutral” rating on the technology company’s stock. Piper Jaffray Companies’ target price suggests a potential downside of 1.23% from the stock’s previous close.

A number of other research firms have also weighed in on ZG. Craig Hallum reissued a “buy” rating and set a $65.00 target price (up previously from $55.00) on shares of Zillow Group in a research report on Friday. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of Zillow Group to $47.00 and gave the stock a “sector perform” rating in a research report on Friday. KeyCorp reissued an “overweight” rating and set a $66.00 target price on shares of Zillow Group in a research report on Friday, July 19th. Finally, Stephens set a $57.00 target price on shares of Zillow Group and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $46.81.

NASDAQ:ZG traded up $3.74 during trading hours on Friday, reaching $37.46. The company’s stock had a trading volume of 174,920 shares, compared to its average volume of 529,739. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -144.08 and a beta of 0.90. Zillow Group has a one year low of $26.20 and a one year high of $50.99. The business’s 50-day moving average is $31.19 and its 200-day moving average is $38.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.67 and a quick ratio of 2.76.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.30. The firm had revenue of $745.21 million during the quarter, compared to analysts’ expectations of $717.27 million. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.12%. Zillow Group’s revenue for the quarter was up 117.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. On average, sell-side analysts predict that Zillow Group will post -1.64 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Zillow Group by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 6,119 shares of the technology company’s stock valued at $271,000 after buying an additional 441 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Zillow Group by 1,914.5% during the second quarter. Advisory Services Network LLC now owns 1,531 shares of the technology company’s stock valued at $70,000 after buying an additional 1,455 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Zillow Group by 16.1% during the second quarter. Treasurer of the State of North Carolina now owns 27,735 shares of the technology company’s stock valued at $1,269,000 after buying an additional 3,850 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Zillow Group during the second quarter valued at about $320,000. Finally, Concourse Capital Management LLC acquired a new position in shares of Zillow Group during the second quarter valued at about $318,000. 24.28% of the stock is owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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