Zillow Group (NASDAQ:ZG) Earns Overweight Rating from KeyCorp

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KeyCorp reiterated their overweight rating on shares of Zillow Group (NASDAQ:ZG) in a research note issued to investors on Friday, Briefing.com Automated Import reports. KeyCorp currently has a $66.00 target price on the technology company’s stock.

Several other research firms also recently weighed in on ZG. Guggenheim raised their target price on shares of Zillow Group from $45.00 to $50.00 in a report on Tuesday, June 18th. Jefferies Financial Group set a €20.00 ($23.26) target price on shares of ThyssenKrupp and gave the company a buy rating in a report on Friday, May 10th. Benchmark restated a buy rating and set a $18.00 target price on shares of TEGNA in a report on Friday, May 10th. Bank of America restated a hold rating on shares of TELUS in a report on Friday, May 10th. Finally, ValuEngine downgraded shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $46.09.

NASDAQ:ZG opened at $46.77 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.73 and a quick ratio of 3.98. The company’s 50-day simple moving average is $46.04. Zillow Group has a twelve month low of $26.20 and a twelve month high of $63.97. The stock has a market cap of $9.60 billion, a P/E ratio of -179.88 and a beta of 0.82.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Thursday, May 9th. The technology company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.08. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The firm had revenue of $454.10 million during the quarter, compared to the consensus estimate of $432.09 million. During the same period last year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 51.4% on a year-over-year basis. As a group, sell-side analysts predict that Zillow Group will post -1.62 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Zillow Group by 16.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,245 shares of the technology company’s stock worth $511,000 after acquiring an additional 2,335 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Zillow Group in the fourth quarter worth approximately $116,000. Squarepoint Ops LLC acquired a new stake in shares of Zillow Group in the fourth quarter worth approximately $466,000. Zevenbergen Capital Investments LLC boosted its position in shares of Zillow Group by 18.7% in the first quarter. Zevenbergen Capital Investments LLC now owns 13,515 shares of the technology company’s stock worth $462,000 after acquiring an additional 2,125 shares during the last quarter. Finally, LA Financiere DE L Echiquier acquired a new stake in shares of Zillow Group in the first quarter worth approximately $370,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

About Zillow Group

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.

Further Reading: Oversold

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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