Zillow Group’s (ZG) “Sell” Rating Reaffirmed at Barclays

Barclays reiterated their sell rating on shares of Zillow Group (NASDAQ:ZG) in a research report report published on Wednesday, October 16th, AnalystRatings.com reports. They currently have a $27.00 price objective on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Zillow Group from a buy rating to a hold rating in a research report on Saturday, August 10th. BidaskClub cut shares of Zillow Group from a hold rating to a sell rating in a research report on Friday, September 20th. Canaccord Genuity lowered their price objective on shares of Zillow Group from $52.00 to $50.00 and set a buy rating for the company in a research report on Thursday, August 8th. Stephens set a $57.00 price objective on shares of Zillow Group and gave the company a buy rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank raised their price objective on shares of Zillow Group from $33.00 to $43.00 and gave the company a hold rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $46.94.

ZG stock traded up $3.71 during trading on Wednesday, reaching $37.43. The stock had a trading volume of 2,701,700 shares, compared to its average volume of 908,004. The firm has a fifty day moving average price of $31.33 and a 200 day moving average price of $38.30. The company has a market capitalization of $6.88 billion, a P/E ratio of -143.96 and a beta of 0.90. Zillow Group has a 1-year low of $26.20 and a 1-year high of $50.99. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 0.28.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, November 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.30. The business had revenue of $745.21 million during the quarter, compared to analysts’ expectations of $717.27 million. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.12%. The firm’s revenue for the quarter was up 117.2% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Sell-side analysts predict that Zillow Group will post -1.64 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. LA Financiere DE L Echiquier lifted its stake in Zillow Group by 33.2% in the third quarter. LA Financiere DE L Echiquier now owns 29,888 shares of the technology company’s stock valued at $883,000 after buying an additional 7,448 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Zillow Group by 11,212.5% in the third quarter. Tower Research Capital LLC TRC now owns 905 shares of the technology company’s stock valued at $27,000 after buying an additional 897 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Zillow Group by 14.1% in the third quarter. Oppenheimer & Co. Inc. now owns 11,198 shares of the technology company’s stock valued at $331,000 after buying an additional 1,380 shares in the last quarter. California Public Employees Retirement System lifted its stake in Zillow Group by 18.9% in the third quarter. California Public Employees Retirement System now owns 183,500 shares of the technology company’s stock valued at $5,422,000 after buying an additional 29,200 shares in the last quarter. Finally, Garner Asset Management Corp lifted its stake in Zillow Group by 19.2% in the third quarter. Garner Asset Management Corp now owns 33,635 shares of the technology company’s stock valued at $994,000 after buying an additional 5,420 shares in the last quarter. 24.28% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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