DA Davidson Increases Zillow Group (NASDAQ:ZG) Price Target to $41.00

Share on StockTwits

Zillow Group (NASDAQ:ZG) had its price target raised by research analysts at DA Davidson to $41.00 in a report released on Tuesday, The Fly reports. The firm presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price objective indicates a potential upside of 6.58% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Stephens set a $57.00 target price on shares of Zillow Group and gave the company a “buy” rating in a research note on Wednesday, September 4th. ValuEngine downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. SunTrust Banks restated a “buy” rating and set a $56.00 price objective on shares of Zillow Group in a research report on Friday, November 8th. BidaskClub downgraded shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Finally, Craig Hallum raised their price objective on shares of Zillow Group from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.59.

NASDAQ:ZG traded down $1.27 during mid-day trading on Tuesday, hitting $38.47. The stock had a trading volume of 4,805 shares, compared to its average volume of 643,010. Zillow Group has a twelve month low of $26.20 and a twelve month high of $50.99. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of -149.73 and a beta of 0.90. The company’s 50 day simple moving average is $32.89 and its 200 day simple moving average is $38.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.84 and a current ratio of 3.81.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Thursday, November 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.30. Zillow Group had a negative net margin of 13.95% and a negative return on equity of 7.20%. The business had revenue of $745.21 million during the quarter, compared to the consensus estimate of $717.27 million. During the same period last year, the business posted $0.18 EPS. Zillow Group’s revenue was up 117.2% on a year-over-year basis. As a group, equities analysts forecast that Zillow Group will post -1.59 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of ZG. Advisor Group Inc. increased its stake in Zillow Group by 35.0% in the second quarter. Advisor Group Inc. now owns 864 shares of the technology company’s stock valued at $39,000 after acquiring an additional 224 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Zillow Group by 11,212.5% during the third quarter. Tower Research Capital LLC TRC now owns 905 shares of the technology company’s stock worth $27,000 after buying an additional 897 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Zillow Group by 1,914.5% during the second quarter. Advisory Services Network LLC now owns 1,531 shares of the technology company’s stock worth $70,000 after buying an additional 1,455 shares during the last quarter. Point72 Hong Kong Ltd grew its stake in shares of Zillow Group by 376.5% during the second quarter. Point72 Hong Kong Ltd now owns 2,735 shares of the technology company’s stock worth $125,000 after buying an additional 2,161 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Zillow Group by 13.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,214 shares of the technology company’s stock worth $195,000 after buying an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 24.36% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Featured Story: What is diluted earnings per share (Diluted EPS)?

The Fly

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Landstar System’s  “Hold” Rating Reaffirmed at Cowen
Landstar System’s “Hold” Rating Reaffirmed at Cowen
Citigroup Increases Aecom  Price Target to $51.00
Citigroup Increases Aecom Price Target to $51.00
Verra Mobility  Downgraded by Zacks Investment Research to “Sell”
Verra Mobility Downgraded by Zacks Investment Research to “Sell”
Fortive  Upgraded at Morgan Stanley
Fortive Upgraded at Morgan Stanley
Upfiring  One Day Trading Volume Hits $3,836.00
Upfiring One Day Trading Volume Hits $3,836.00
Endor Protocol  Price Reaches $0.0030 on Exchanges
Endor Protocol Price Reaches $0.0030 on Exchanges


© 2006-2019 Ticker Report