Home News Zillow Group (NASDAQ:ZG) Announces Earnings Results

Zillow Group (NASDAQ:ZG) Announces Earnings Results

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Zillow Group (NASDAQ: ZG – – Get a rating) We announced quarterly financial results on Thursday. Technology companies reported quarterly earnings per share of $ 0.49, which is $ 0.56 above analysts’ consensus estimate ($ 0.07). Briefing.com Report. Zillow Group had a net margin of 6.48% and a return on equity of 7.26%. The company’s third-quarter revenue was $ 4.26 billion, while consensus estimates were $ 3.39 billion. During the same period last year, the company earned $ 0.25 EPS. Zillow Group revenue increased 249.5% year-on-year.

Share NASDAQ ZG It fell $ 1.68 during Friday’s trading hours to reach $ 37.37. The trading volume of shares was 3,754,926, compared to an average of 781,073 shares. The company has a 50-day moving average of $ 47.41 and a 200-day moving average of $ 56.44. The Zillow Group has a 52-week minimum price of $ 33.26 and a 52-week maximum price of $ 124.90. The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt equity ratio of 0.25.

Hedge funds and other institutional investors have recently changed their equity positions. Amalgamated Bank increased its stake in Zillow Group by 27.1% in the fourth quarter. Amalgamated Bank currently owns 5,265 shares of a technology company worth $ 328,000 after purchasing an additional 1,124 shares in the previous quarter. Envestnet Asset Management Inc. increased its stake in Zillow Group by 60.5% in the first quarter. Envestnet Asset Management Inc. owns 7,527 shares of a technology company worth $ 363,000 after purchasing an additional 2,837 shares in the previous quarter. Guggenheim Capital LLC acquired $ 490,000 worth of new shares in Zillow Group in the fourth quarter. Lombard Odier Asset Management USA Corp acquired $ 545,000 worth of new shares in Zillow Group in the fourth quarter. Finally, Schonfeld Strategic Advisors LLC acquired $ 2,353,000 worth of new shares in Zillow Group in the fourth quarter. 20.82% of the shares are owned by institutional investors and hedge funds.

Many securities companies are involved in ZG. In a report on Friday, February 11, DA Davidson lowered the Zillow Group’s share price target from $ 125.00 to $ 78.00 and set a “buy” valuation for the company. In a report on Tuesday, April 26, the Royal Bank of Canada lowered the Zillow Group’s target price from $ 70.00 to $ 65.00 and set the stock as an “outperform” rating. In a report on Friday, February 11, Susquehanna Bancshares lowered the Zillow Group’s target price from $ 65.00 to $ 62.00 and set the stock as “neutral.” In a report on Friday, February 11, Morgan Stanley raised the Zillow Group’s target price from $ 74.00 to $ 76.00 and gave the stock an “equivalent weight” rating. Finally, Stifel Nicolaus raised the Zillow Group’s target price from $ 60.00 to $ 65.00, giving the stock a “hold” valuation in its report on Friday, February 11. Two stock research analysts evaluated the stock in a sell valuation, 12 issued a pending valuation, and 10 gave the company’s stock a buy valuation. Based on MarketBeat data, the company’s average valuation is “pending” and its average target price is $ 89.26.

About Zillow Group ((((Get a rating).

Digital real estate companies Zillow Group, Inc operate real estate brands on mobile applications and websites in the United States. The company operates in three segments. Internet, media, technology; and mortgages. The housing segment is involved in reselling homes. Title and escrow services for home buyers and sellers. This includes title search procedures for title insurance policies, escrow, and other closing services.

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Revenue history of Zillow Group (NASDAQ: ZG)



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