Zillow Group (ZG) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Zillow Group (NASDAQ:ZG) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “

Several other equities analysts have also commented on ZG. Jefferies Group began coverage on shares of Zillow Group in a report on Tuesday, February 6th. They issued a hold rating and a $50.00 target price on the stock. Bank of America lifted their price target on shares of Zillow Group from $53.00 to $56.00 and gave the company a buy rating in a report on Friday, February 9th. Canaccord Genuity lifted their price target on shares of Zillow Group from $53.00 to $54.00 and gave the company a buy rating in a report on Friday, February 9th. KeyCorp raised shares of Zillow Group from a sector weight rating to an overweight rating in a report on Friday, January 26th. Finally, Stifel Nicolaus began coverage on shares of Zillow Group in a report on Thursday, January 18th. They set a hold rating and a $38.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $48.43.

Zillow Group (NASDAQ ZG) opened at $46.96 on Thursday. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group has a 1-year low of $32.63 and a 1-year high of $50.91. The company has a market cap of $2,670.00, a PE ratio of 88.60 and a beta of 1.22.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%. The firm had revenue of $282.30 million for the quarter, compared to analyst estimates of $277.60 million. During the same period last year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. equities research analysts predict that Zillow Group will post 0.23 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in Zillow Group by 11.3% during the 2nd quarter. Wells Fargo & Company MN now owns 19,616 shares of the technology company’s stock worth $957,000 after acquiring an additional 1,984 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Zillow Group by 28.9% during the 2nd quarter. Alliancebernstein L.P. now owns 25,841 shares of the technology company’s stock worth $1,262,000 after acquiring an additional 5,800 shares during the last quarter. Teachers Advisors LLC grew its holdings in Zillow Group by 13.1% during the 2nd quarter. Teachers Advisors LLC now owns 57,520 shares of the technology company’s stock worth $2,809,000 after acquiring an additional 6,668 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in Zillow Group during the 2nd quarter worth approximately $558,000. Finally, Parametric Portfolio Associates LLC grew its holdings in Zillow Group by 7.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 34,582 shares of the technology company’s stock worth $1,689,000 after acquiring an additional 2,535 shares during the last quarter. 25.44% of the stock is currently owned by institutional investors.

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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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