In a report released yesterday, Daniel Kurnos from Benchmark Co. maintained a Buy rating on Zillow Group Inc (ZG), with a price target of $45. The company’s shares closed yesterday at $29.91, close to its 52-week low of $29.85.
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 11.4% and a 57.2% success rate. Kurnos covers the Services sector, focusing on stocks such as Booking Holdings Inc, Sinclair Broadcast, and 1-800 Flowers.com.
Currently, the analyst consensus on Zillow Group Inc is a Hold with an average price target of $38.38, a 28.3% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $50 price target.
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Based on Zillow Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.09 million. In comparison, last year the company had a net profit of $9.21 million.
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Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. Its brand portfolio is comprised of Zillow, Trulia, StreetEasy, HotPads, Naked Apartments, RealEstate.com, and OutEast.com. It also houses the business brands Mortech, dotloop, Bridge Interactive and New Home Feed.
