Stifel Nicolaus upgraded shares of Zillow Group, Inc. (NASDAQ:ZG) from a hold rating to a buy rating in a research report report published on Tuesday. The firm currently has $43.00 price target on the stock, up from their prior price target of $36.00.
A number of other research analysts have also recently issued reports on ZG. Bank of America Corporation reissued a buy rating and issued a $40.00 price objective on shares of Zillow Group in a research note on Thursday, November 17th. Canaccord Genuity restated a buy rating and issued a $42.00 target price on shares of Zillow Group in a report on Wednesday, December 21st. RBC Capital Markets restated a buy rating and issued a $42.00 target price on shares of Zillow Group in a report on Monday, February 6th. Susquehanna Bancshares Inc restated a neutral rating and issued a $31.00 target price (down previously from $35.00) on shares of Zillow Group in a report on Wednesday, November 2nd. Finally, Zacks Investment Research upgraded shares of Zillow Group from a hold rating to a buy rating and set a $39.00 target price on the stock in a report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $37.67.
Zillow Group (NASDAQ:ZG) opened at 35.72 on Tuesday. The stock’s 50 day moving average is $36.67 and its 200-day moving average is $35.35. The firm’s market capitalization is $6.50 billion. Zillow Group has a 12 month low of $19.23 and a 12 month high of $39.99.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Zillow Group had a negative net margin of 26.04% and a negative return on equity of 7.24%. The business had revenue of $227.60 million for the quarter, compared to analyst estimates of $222.30 million. During the same period last year, the firm earned ($0.01) earnings per share. Zillow Group’s revenue for the quarter was up 34.4% compared to the same quarter last year. Equities analysts anticipate that Zillow Group will post $0.44 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of ZG. BNP Paribas Arbitrage SA raised its position in shares of Zillow Group by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 10,695 shares of the company’s stock worth $368,000 after buying an additional 646 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Zillow Group by 26.1% in the second quarter. Public Employees Retirement System of Ohio now owns 10,582 shares of the company’s stock worth $388,000 after buying an additional 2,189 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Zillow Group during the second quarter worth approximately $2,809,000. Amalgamated Bank bought a new position in shares of Zillow Group during the second quarter worth approximately $266,000. Finally, Legal & General Group Plc raised its position in shares of Zillow Group by 67.4% in the second quarter. Legal & General Group Plc now owns 5,303 shares of the company’s stock worth $194,000 after buying an additional 2,135 shares during the last quarter. 27.41% of the stock is currently owned by institutional investors and hedge funds.
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