According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “
A number of other brokerages have also recently weighed in on ZG. Royal Bank of Canada reissued a buy rating and set a $42.00 price target on shares of Zillow Group in a research report on Monday, February 6th. Mizuho reduced their price target on shares of Zillow Group from $38.00 to $33.00 and set a neutral rating on the stock in a research report on Wednesday, February 8th. Cowen and Company reissued a market perform rating and set a $37.00 price target on shares of Zillow Group in a research report on Wednesday, February 8th. Morgan Stanley cut shares of Zillow Group from an overweight rating to an equal weight rating and set a $39.00 price target on the stock. in a research report on Friday, January 13th. Finally, Stifel Nicolaus raised shares of Zillow Group from a hold rating to a buy rating and lifted their price target for the stock from $36.00 to $43.00 in a research report on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Zillow Group has a consensus rating of Hold and a consensus price target of $37.41.
Shares of Zillow Group (NASDAQ:ZG) traded up 0.58% during trading on Friday, hitting $36.16. The stock had a trading volume of 257,236 shares. The stock’s market cap is $6.58 billion. Zillow Group has a one year low of $23.63 and a one year high of $39.99. The stock’s 50-day moving average price is $34.61 and its 200 day moving average price is $35.23.
Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 7th. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $227.60 million for the quarter, compared to analysts’ expectations of $222.30 million. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. On average, equities analysts forecast that Zillow Group will post $0.43 EPS for the current year.
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Several hedge funds have recently made changes to their positions in ZG. Palisade Capital Management LLC NJ bought a new stake in shares of Zillow Group during the first quarter valued at approximately $406,000. Fox Run Management L.L.C. bought a new stake in shares of Zillow Group during the first quarter valued at approximately $213,000. Highbridge Capital Management LLC increased its stake in Zillow Group by 242.9% in the fourth quarter. Highbridge Capital Management LLC now owns 15,860 shares of the technology company’s stock worth $578,000 after buying an additional 26,960 shares in the last quarter. Teachers Advisors LLC increased its stake in Zillow Group by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 48,482 shares of the technology company’s stock worth $1,767,000 after buying an additional 4,100 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in Zillow Group during the fourth quarter worth about $200,000. 27.41% of the stock is owned by institutional investors and hedge funds.
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