Zillow Group, Inc. (ZG) Given “Overweight” Rating at Stephens

Stephens restated their overweight rating on shares of Zillow Group, Inc. (NASDAQ:ZG) in a research note published on Monday. Stephens currently has a $54.00 price objective on the technology company’s stock, up from their previous price objective of $48.00.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Zillow Group from a sell rating to a hold rating in a research note on Saturday, March 18th. Royal Bank Of Canada lifted their price objective on Zillow Group from $40.00 to $48.00 and gave the stock an outperform rating in a report on Friday, May 5th. Benchmark Co. boosted their price objective on Zillow Group from $43.00 to $46.00 and gave the company a buy rating in a research report on Friday, May 5th. Needham & Company LLC restated a buy rating and issued a $48.00 price objective (up previously from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Finally, Cowen and Company upped their price target on Zillow Group from $37.00 to $40.00 and gave the company a market perform rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $40.69.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Shares of Zillow Group (ZG) traded up 0.73% during mid-day trading on Monday, reaching $47.11. The company had a trading volume of 98,180 shares. Zillow Group has a one year low of $31.17 and a one year high of $47.36. The stock has a 50 day moving average of $43.54 and a 200-day moving average of $37.87. The firm’s market capitalization is $8.63 billion.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, May 4th. The technology company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.08. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The business had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $236.04 million. During the same period in the prior year, the company posted ($0.13) earnings per share. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. Equities analysts predict that Zillow Group will post $0.44 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Selkirk Management LLC boosted its position in shares of Zillow Group by 23.2% in the first quarter. Selkirk Management LLC now owns 130,000 shares of the technology company’s stock worth $4,395,000 after buying an additional 24,500 shares in the last quarter. Lucha Capital Management LP boosted its position in shares of Zillow Group by 49.7% in the first quarter. Lucha Capital Management LP now owns 251,014 shares of the technology company’s stock worth $8,487,000 after buying an additional 83,289 shares in the last quarter. Credit Suisse AG boosted its position in shares of Zillow Group by 5.3% in the first quarter. Credit Suisse AG now owns 31,807 shares of the technology company’s stock worth $1,075,000 after buying an additional 1,590 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Zillow Group during the first quarter worth $858,000. Finally, Caledonia Private Investments Pty Ltd boosted its position in shares of Zillow Group by 1.7% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,360,188 shares of the technology company’s stock worth $451,708,000 after buying an additional 225,096 shares in the last quarter. Institutional investors and hedge funds own 26.78% of the company’s stock.

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