Breaking: After Today’s Huge Decline, Is Zillow Group, Inc.’s Near-Term Analysis Negative?

Breaking: After Today's Huge Decline, Is Zillow Group, Inc.'s Near Term Analysis Negative?

The stock of Zillow Group, Inc. (NASDAQ:ZG) is a huge mover today! The stock decreased 3.77% or $1.35 during the last trading session, hitting $34.45. About 742,414 shares traded hands or 66.88% up from the average. Zillow Group, Inc. (NASDAQ:ZG) has risen 48.81% since February 29, 2016 and is uptrending. It has outperformed by 38.39% the S&P500.
The move comes after 8 months negative chart setup for the $1.93B company. It was reported on Oct, 1 by Barchart.com. We have $32.04 PT which if reached, will make NASDAQ:ZG worth $135.10M less.

Analysts await Zillow Group, Inc. (NASDAQ:ZG) to report earnings on November, 1. They expect $-0.02 earnings per share, up 77.78% or $0.07 from last year’s $-0.09 per share. After $-0.87 actual earnings per share reported by Zillow Group, Inc. for the previous quarter, Wall Street now forecasts -97.70% EPS growth.

Zillow Group, Inc. (NASDAQ:ZG) Ratings Coverage

Out of 9 analysts covering Zillow Group Inc (NASDAQ:ZG), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Zillow Group Inc has been the topic of 17 analyst reports since October 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of ZG in a report on Friday, February 12 with “Sector Perform” rating. As per Tuesday, June 7, the company rating was upgraded by Barclays Capital. The rating was maintained by Canaccord Genuity on Friday, August 5 with “Buy”. Mizuho maintained it with “Neutral” rating and $35 target price in Friday, August 5 report. The stock has “Neutral” rating given by Mizuho on Tuesday, June 7. The firm earned “Buy” rating on Friday, February 12 by Canaccord Genuity. The stock of Zillow Group, Inc. (NASDAQ:ZG) has “Neutral” rating given on Tuesday, May 31 by Mizuho. The rating was maintained by Canaccord Genuity on Monday, January 25 with “Buy”. Benchmark maintained the shares of ZG in a report on Friday, August 5 with “Buy” rating. The stock has “Neutral” rating given by Guggenheim on Wednesday, October 21.

According to Zacks Investment Research, “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.”

More notable recent Zillow Group, Inc. (NASDAQ:ZG) news were published by: Investorplace.com which released: “Trade of the Day: Zillow Group, Inc. (NASDAQ:Z)” on September 21, 2016, also Fool.com with their article: “Why Zillow Group Inc. Stock Is Up 44.6% in 2016” published on July 16, 2016, Fool.com published: “Zillow Group, Inc.’s Legal Troubles Can’t Hold It Back Anymore” on June 08, 2016. More interesting news about Zillow Group, Inc. (NASDAQ:ZG) were released by: Fool.com and their article: “What to Watch When Zillow Group, Inc. Reports Q2 Results” published on August 03, 2016 as well as Fool.com‘s news article titled: “Why Zillow Group, Inc. Stock Popped Today” with publication date: May 04, 2016.

ZG Company Profile

Zillow Group, Inc., incorporated on July 25, 2014, operates the real estate and home-related information marketplaces on mobile and the Web, with a portfolio of brands and products to help people find information about homes and connect with local professionals. The Company’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. The Company’s portfolio of consumer brands includes Zillow, Trulia, StreetEasy, Bridge Interactive and HotPads. In addition, it provides advertising services to real estate agents and rental and mortgage professionals. The Firm also owns and operates a number of brands that offer technology solutions to real estate, rental and mortgage professionals, including DotLoop, Mortech, Diverse Solutions and Retsly. The Company’s database includes over 110 million homes in the United States, including homes for sale, homes for rent and homes not on the market.

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