Zillow Group (NASDAQ:ZG) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Thursday. The firm presently has a $39.00 target price on the technology company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 7.56% from the stock’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lifted their target price on Zillow Group from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Barclays lifted their target price on Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Macquarie assumed coverage on Zillow Group in a research note on Monday, September 25th. They set a “neutral” rating on the stock. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Zillow Group in a research note on Wednesday, November 8th. Finally, JMP Securities lifted their target price on Zillow Group from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.21.

Zillow Group (NASDAQ:ZG) opened at $42.19 on Thursday. Zillow Group has a 12-month low of $32.63 and a 12-month high of $50.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44. The firm has a market capitalization of $2,380.00, a PE ratio of 82.73 and a beta of 1.46.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.57 million. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. sell-side analysts predict that Zillow Group will post -0.04 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in Zillow Group by 28.9% during the 2nd quarter. Alliancebernstein L.P. now owns 25,841 shares of the technology company’s stock valued at $1,262,000 after acquiring an additional 5,800 shares during the period. Royal Bank of Canada boosted its holdings in Zillow Group by 1,267.9% during the 2nd quarter. Royal Bank of Canada now owns 18,946 shares of the technology company’s stock valued at $925,000 after acquiring an additional 17,561 shares during the period. Osterweis Capital Management Inc. boosted its holdings in Zillow Group by 177.2% during the 2nd quarter. Osterweis Capital Management Inc. now owns 62,243 shares of the technology company’s stock valued at $3,040,000 after acquiring an additional 39,785 shares during the period. Caledonia Private Investments Pty Ltd boosted its holdings in Zillow Group by 2.0% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 13,628,910 shares of the technology company’s stock valued at $667,953,000 after acquiring an additional 268,722 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new position in Zillow Group during the 2nd quarter valued at $274,000. 25.39% of the stock is currently owned by hedge funds and other institutional investors.

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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 people 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.

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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