Truist Financial Trims Zillow Group (NASDAQ:ZG) Target Price to $41.00

Zillow Group (NASDAQ:ZGGet Rating) had its price objective lowered by stock analysts at Truist Financial from $58.00 to $41.00 in a report issued on Friday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 4.99% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Zillow Group from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. Stifel Nicolaus upped their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, February 11th. Morgan Stanley increased their target price on shares of Zillow Group from $74.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 11th. Piper Sandler decreased their target price on shares of Zillow Group from $64.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, March 17th. Finally, Bank of America upped their price target on shares of Zillow Group from $44.00 to $47.00 and gave the company an “underperform” rating in a research note on Friday, February 11th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $89.26.

Shares of NASDAQ ZG opened at $39.05 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.98. The company has a market cap of $9.79 billion, a P/E ratio of -18.77 and a beta of 1.49. The firm’s fifty day moving average is $47.81 and its two-hundred day moving average is $56.80. Zillow Group has a 52-week low of $37.27 and a 52-week high of $124.90.

Zillow Group (NASDAQ:ZGGet Rating) last posted its earnings results on Thursday, May 5th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.56. Zillow Group had a negative net margin of 6.48% and a negative return on equity of 7.26%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 249.5% on a year-over-year basis. As a group, analysts forecast that Zillow Group will post 0.72 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Zillow Group in the fourth quarter worth about $81,054,000. Barclays PLC lifted its stake in shares of Zillow Group by 1,235.3% in the fourth quarter. Barclays PLC now owns 787,855 shares of the technology company’s stock worth $49,020,000 after buying an additional 728,852 shares in the last quarter. Chicago Capital LLC lifted its stake in shares of Zillow Group by 1,445.7% in the first quarter. Chicago Capital LLC now owns 326,829 shares of the technology company’s stock worth $15,763,000 after buying an additional 305,684 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Zillow Group by 1,646.7% in the first quarter. National Bank of Canada FI now owns 248,117 shares of the technology company’s stock worth $11,967,000 after buying an additional 233,912 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Zillow Group by 79.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 442,304 shares of the technology company’s stock worth $27,520,000 after buying an additional 196,003 shares in the last quarter. 20.82% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group (Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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