Zillow Group (ZG) PT Lowered to $37.00

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Zillow Group (NASDAQ:ZG) had its price objective cut by Jefferies Financial Group from $52.00 to $37.00 in a research note published on Wednesday morning, The Fly reports. They currently have a hold rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. DA Davidson set a $52.00 price objective on Zillow Group and gave the stock a hold rating in a research report on Tuesday, August 7th. Cowen reissued a hold rating and issued a $50.00 price objective on shares of Zillow Group in a research report on Tuesday, August 7th. ValuEngine raised Zillow Group from a sell rating to a hold rating in a research report on Tuesday, October 23rd. Canaccord Genuity cut their price objective on Zillow Group from $65.00 to $62.00 and set a buy rating on the stock in a research report on Tuesday, August 7th. Finally, Craig Hallum reaffirmed a hold rating and set a $45.00 price target on shares of Zillow Group in a research report on Tuesday, August 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Zillow Group presently has an average rating of Hold and an average price target of $43.65.

ZG stock traded up $0.89 during midday trading on Wednesday, hitting $30.45. The company’s stock had a trading volume of 998,408 shares, compared to its average volume of 971,864. The company has a debt-to-equity ratio of 0.21, a current ratio of 11.72 and a quick ratio of 8.13. Zillow Group has a 1 year low of $29.00 and a 1 year high of $65.42.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $343.09 million for the quarter, compared to analysts’ expectations of $343.73 million. On average, equities research analysts forecast that Zillow Group will post -0.14 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of ZG. Elmwood Wealth Management Inc. purchased a new position in shares of Zillow Group during the 3rd quarter valued at $150,000. Engineers Gate Manager LP purchased a new position in shares of Zillow Group during the 3rd quarter valued at $208,000. First Capital Advisors Group LLC. purchased a new position in shares of Zillow Group during the 2nd quarter valued at $223,000. Strs Ohio purchased a new position in shares of Zillow Group during the 2nd quarter valued at $248,000. Finally, Lourd Capital LLC purchased a new position in shares of Zillow Group during the 3rd quarter valued at $281,000. 25.73% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Company Profile

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.

Read More: Investing in Growth Stocks

The Fly

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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