Zillow Group (NASDAQ:ZG) Earning Positive Media Coverage, Report Shows

News coverage about Zillow Group (NASDAQ:ZG) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zillow Group earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.4968920873115 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

ZG has been the topic of a number of research analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price target (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. ValuEngine cut shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Craig Hallum restated a “buy” rating on shares of Zillow Group in a report on Thursday, June 22nd. Zacks Investment Research lowered Zillow Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, KeyCorp assumed coverage on Zillow Group in a report on Monday, July 17th. They issued an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.07.

Shares of Zillow Group (ZG) traded up 0.70% during mid-day trading on Friday, reaching $40.15. 468,936 shares of the company traded hands. The stock’s market capitalization is $7.45 billion. The company’s 50 day moving average is $41.82 and its 200 day moving average is $40.88. Zillow Group has a 52-week low of $31.17 and a 52-week high of $50.91.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The business had revenue of $266.85 million for the quarter, compared to analyst estimates of $262.21 million. During the same period in the prior year, the firm posted ($0.71) EPS. Zillow Group’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, equities analysts forecast that Zillow Group will post $0.49 earnings per share for the current year.

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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.

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