Zillow Group (ZG) Receives “Neutral” Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Zillow Group (NASDAQ:ZG) in a report released on Wednesday, The Fly reports.

A number of other research analysts have also recently issued reports on ZG. ValuEngine cut Zillow Group from a hold rating to a sell rating in a research report on Monday, October 8th. Zacks Investment Research cut Zillow Group from a strong-buy rating to a hold rating in a research report on Friday, August 10th. Deutsche Bank decreased their target price on Zillow Group from $45.00 to $39.00 and set a hold rating on the stock in a research report on Monday. Canaccord Genuity set a $60.00 target price on Zillow Group and gave the company a buy rating in a research report on Friday, September 7th. Finally, Craig Hallum set a $40.00 target price on Zillow Group and gave the company a hold rating in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $44.33.

Shares of NASDAQ ZG traded down $0.35 during trading hours on Wednesday, hitting $29.56. The company had a trading volume of 122,174 shares, compared to its average volume of 702,444. The company has a market cap of $8.24 billion, a PE ratio of 197.07 and a beta of 1.12. The company has a current ratio of 8.18, a quick ratio of 8.13 and a debt-to-equity ratio of 0.14. Zillow Group has a 1-year low of $29.85 and a 1-year high of $65.42.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%. The company had revenue of $343.09 million during the quarter, compared to the consensus estimate of $343.73 million. As a group, sell-side analysts predict that Zillow Group will post -0.14 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of Zillow Group by 2.9% in the second quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock worth $2,024,000 after acquiring an additional 970 shares during the period. TD Asset Management Inc. increased its holdings in Zillow Group by 4.3% in the second quarter. TD Asset Management Inc. now owns 24,300 shares of the technology company’s stock worth $1,452,000 after purchasing an additional 1,000 shares in the last quarter. Amalgamated Bank increased its holdings in Zillow Group by 10.4% in the second quarter. Amalgamated Bank now owns 12,331 shares of the technology company’s stock worth $737,000 after purchasing an additional 1,163 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Zillow Group by 33.9% in the second quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock worth $379,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Strs Ohio increased its holdings in Zillow Group by 42.5% in the third quarter. Strs Ohio now owns 5,928 shares of the technology company’s stock worth $262,000 after purchasing an additional 1,767 shares in the last quarter. 25.73% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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