Bank of America reaffirmed their sell rating on shares of Zillow Group (NASDAQ:ZG) in a research note published on Monday morning, TipRanks reports. Bank of America currently has a $20.00 target price on the technology company’s stock.

Several other research analysts have also recently commented on the stock. DA Davidson reaffirmed a neutral rating and set a $60.00 target price on shares of Zillow Group in a report on Thursday, February 20th. Stephens raised their target price on shares of Zillow Group from $57.00 to $75.00 and gave the stock an overweight rating in a report on Thursday, February 20th. Canaccord Genuity raised their target price on shares of Zillow Group from $50.00 to $72.00 and gave the stock a buy rating in a report on Thursday, February 20th. TheStreet raised shares of Zillow Group from a d+ rating to a c rating in a report on Wednesday, January 15th. Finally, Guggenheim cut shares of Zillow Group from a buy rating to a neutral rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $50.00.

Shares of ZG stock opened at $37.78 on Monday. The firm has a 50 day moving average price of $47.03 and a two-hundred day moving average price of $40.53. The company has a quick ratio of 2.90, a current ratio of 3.81 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $6.29 billion, a PE ratio of -25.53 and a beta of 0.52. Zillow Group has a 12-month low of $18.65 and a 12-month high of $66.96.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, February 19th. The technology company reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.33. Zillow Group had a negative net margin of 11.13% and a negative return on equity of 9.12%. The company had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $813.99 million. During the same period last year, the firm earned ($0.46) earnings per share. The business’s revenue for the quarter was up 158.4% on a year-over-year basis. As a group, research analysts expect that Zillow Group will post -2.22 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in Zillow Group by 11,212.5% in the third quarter. Tower Research Capital LLC TRC now owns 905 shares of the technology company’s stock valued at $27,000 after acquiring an additional 897 shares during the last quarter. Squarepoint Ops LLC boosted its position in Zillow Group by 15.3% in the third quarter. Squarepoint Ops LLC now owns 31,695 shares of the technology company’s stock valued at $936,000 after buying an additional 4,197 shares in the last quarter. Brighton Jones LLC acquired a new stake in Zillow Group in the fourth quarter valued at approximately $367,000. ARK Investment Management LLC acquired a new stake in Zillow Group in the fourth quarter valued at approximately $110,098,000. Finally, Baillie Gifford & Co. boosted its position in Zillow Group by 3.3% in the fourth quarter. Baillie Gifford & Co. now owns 3,611,583 shares of the technology company’s stock valued at $165,194,000 after buying an additional 114,053 shares in the last quarter. 25.97% of the stock is currently 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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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