Zillow Group, Inc.- Class A (NASDAQ:ZG) had its target price reduced by stock analysts at Canaccord Genuity from $38.00 to $32.00 in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 54.44% from the company’s current price.

Shares of Zillow Group, Inc.- Class A (NASDAQ:ZG) traded down 2.22% during midday trading on Monday, reaching $20.72. 551,218 shares of the company’s stock traded hands. The company’s market capitalization is $3.68 billion. The company has a 50-day moving average of $24.51 and a 200-day moving average of $26.70. Zillow Group, Inc.- Class A has a one year low of $20.03 and a one year high of $41.53.

Zillow Group, Inc.- Class A (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. The firm had revenue of $176.80 million for the quarter, compared to analysts’ expectations of $176.49 million. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that Zillow Group, Inc.- Class A will post $0.10 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the company. Simplex Trading purchased a new position in shares of Zillow Group, Inc.- Class A during the fourth quarter worth approximately $290,000. River & Mercantile Asset Management purchased a new position in shares of Zillow Group, Inc.- Class A during the fourth quarter worth approximately $1,330,000. Finally, Janus Capital Management increased its position in shares of Zillow Group, Inc.- Class A by 1,224.7% in the third quarter. Janus Capital Management now owns 1,032,224 shares of the company’s stock worth $29,655,000 after buying an additional 954,304 shares in the last quarter.

Several other equities research analysts have also recently issued reports on the stock. SunTrust reduced their price objective on shares of Zillow Group, Inc.- Class A from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 21st. Pacific Crest reiterated an “equal weight” rating on shares of Zillow Group, Inc.- Class A in a research report on Wednesday, January 13th. RBC Capital lifted their price objective on shares of Zillow Group, Inc.- Class A from $31.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 4th. JMP Securities reduced their price objective on shares of Zillow Group, Inc.- Class A from $40.00 to $36.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 4th. Finally, Craig Hallum reduced their price objective on shares of Zillow Group, Inc.- Class A to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.68.

12 Month Chart for NASDAQ:ZG

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