Stock Mover of the Day: What’s Next for Zillow Group, Inc. After Today’s Huge Increase?

Stock Mover of the Day: What's Next for Zillow Group, Inc. After Today's Huge Increase?

The stock of Zillow Group, Inc. (NASDAQ:ZG) is a huge mover today! The stock increased 2.99% or $0.96 during the last trading session, hitting $33.03. About 774,619 shares traded hands or 62.28% up from the average. Zillow Group, Inc. (NASDAQ:ZG) has risen 27.82% since March 29, 2016 and is uptrending. It has outperformed by 24.35% the S&P500.
The move comes after 9 months positive chart setup for the $1.73 billion company. It was reported on Oct, 31 by Barchart.com. We have $53.84 PT which if reached, will make NASDAQ:ZG worth $1.09B more.

Analysts await Zillow Group, Inc. (NASDAQ:ZG) to report earnings on November, 1. They expect $-0.02 EPS, up 77.78% or $0.07 from last year’s $-0.09 per share. After $-0.87 actual EPS 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 10 analysts covering Zillow Group Inc (NASDAQ:ZG), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Zillow Group Inc has been the topic of 18 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, January 25 by Canaccord Genuity. The firm has “Buy” rating given on Friday, October 7 by Needham. On Tuesday, June 7 the stock rating was maintained by Mizuho with “Neutral”. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, June 7. Benchmark maintained Zillow Group, Inc. (NASDAQ:ZG) on Friday, August 5 with “Buy” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, February 12. The stock of Zillow Group, Inc. (NASDAQ:ZG) earned “Outperform” rating by RBC Capital Markets on Friday, August 5. On Friday, August 5 the stock rating was maintained by Mizuho with “Neutral”. As per Wednesday, October 21, the company rating was downgraded by Guggenheim. As per Friday, August 5, the company rating was maintained by Canaccord Genuity.

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 recent Zillow Group, Inc. (NASDAQ:ZG) news were published by: Prnewswire.com which released: “Zillow Group Launches “Premier Broker,” a New Platform to Help Brokerages …” on October 06, 2016. Also Valuewalk.com published the news titled: “Zillow Group, Inc. Using Facebook Inc To Expand Its Targeted Audience” on October 28, 2016. Prnewswire.com‘s news article titled: “Zillow Group Launches New Features for New Construction Listings; Adds Access …” with publication date: October 20, 2016 was also an interesting one.

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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