Merrill Lynch analyst Nat Schindler maintained a Buy rating on Zillow Group Inc (NASDAQ: ZG) today and set a price target of $70. The company’s shares opened today at $62.56, close to its 52-week high of $63.07.
Schindler has an average return of 14.8% when recommending Zillow Group Inc.
According to TipRanks.com, Schindler is ranked #477 out of 4828 analysts.
Currently, the analyst consensus on Zillow Group Inc is Moderate Buy and the average price target is $58.10, representing a -7.1% downside.
In a report issued on May 31, Canaccord Genuity also assigned a Buy rating to the stock with a $65 price target.
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Based on Zillow Group Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $18.59 million. In comparison, last year the company had a GAAP net loss of $4.61 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.
