Favorable News Coverage Somewhat Unlikely to Affect Zillow Group (NASDAQ:ZG) Stock Price

Headlines about Zillow Group (NASDAQ:ZG) have been trending positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zillow Group earned a news impact score of 0.43 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.9993611978068 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several brokerages have recently commented on ZG. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price objective on shares of Zillow Group in a research report on Wednesday, November 8th. Barclays raised their price objective on shares of Zillow Group from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. JMP Securities raised their price objective on shares of Zillow Group from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. Royal Bank Of Canada raised their price objective on shares of Zillow Group from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Macquarie assumed coverage on shares of Zillow Group in a research report on Monday, September 25th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $47.21.

Shares of Zillow Group (NASDAQ ZG) traded up $0.33 during trading hours on Wednesday, reaching $40.65. The company’s stock had a trading volume of 185,372 shares, compared to its average volume of 439,089. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group has a fifty-two week low of $32.63 and a fifty-two week high of $50.91.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business 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 revenue was up 25.6% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS. sell-side analysts forecast that Zillow Group will post -0.06 earnings per share for the current year.

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About Zillow Group

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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