Zillow Group Inc (NASDAQ:ZG) has earned a consensus rating of “Hold” from the twenty-two analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.73.

A number of analysts have issued reports on the stock. KeyCorp reissued an “overweight” rating and issued a $66.00 price objective on shares of Zillow Group in a report on Friday, July 19th. Royal Bank of Canada boosted their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Piper Jaffray Companies cut their price objective on shares of Zillow Group from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Deutsche Bank boosted their price objective on shares of Zillow Group from $33.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Finally, Craig Hallum boosted their price objective on shares of Zillow Group from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Shares of ZG stock traded up $0.81 during midday trading on Thursday, hitting $38.74. 445,600 shares of the company were exchanged, compared to its average volume of 900,929. The firm has a market capitalization of $7.97 billion, a P/E ratio of -149.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.67. The firm’s 50 day moving average price is $31.91 and its two-hundred day moving average price is $38.36. Zillow Group has a 52 week low of $26.20 and a 52 week high of $50.99.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, November 7th. The technology company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.30. The business had revenue of $745.21 million during the quarter, compared to the consensus estimate of $717.27 million. Zillow Group had a negative net margin of 13.95% and a negative return on equity of 7.30%. Zillow Group’s revenue was up 117.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Analysts expect that Zillow Group will post -1.57 EPS for the current year.

Several institutional investors have recently modified their holdings of ZG. Tower Research Capital LLC TRC lifted its holdings in shares of Zillow Group by 11,212.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 905 shares of the technology company’s stock worth $27,000 after acquiring an additional 897 shares during the period. Advisor Group Inc. lifted its holdings in shares of Zillow Group by 35.0% during the 2nd quarter. Advisor Group Inc. now owns 864 shares of the technology company’s stock worth $39,000 after acquiring an additional 224 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Zillow Group by 1,914.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,531 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,455 shares during the period. Point72 Hong Kong Ltd increased its position in Zillow Group by 376.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,735 shares of the technology company’s stock worth $125,000 after purchasing an additional 2,161 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Zillow Group by 13.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,214 shares of the technology company’s stock worth $195,000 after purchasing an additional 494 shares in the last quarter. 24.24% of the stock is owned by institutional investors.

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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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