Canaccord Genuity Remains a Buy on Zillow Group (ZG)
Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Zillow Group (ZG) today and set a price target of $72.00. The company’s shares closed last Monday at $54.84, close to its 52-week high of $55.43.
According to TipRanks.com, Ripps is a 1-star analyst with an average return of -5.6% and a 44.9% success rate. Ripps covers the Technology sector, focusing on stocks such as Spotify Technology SA, Facebook, and Alphabet.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zillow Group with a $52.90 average price target, a 0.4% upside from current levels. In a report released yesterday, SunTrust Robinson also assigned a Buy rating to the stock with a $70.00 price target.
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Based on Zillow Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $64.65 million. In comparison, last year the company had a GAAP net loss of $97.68 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZG in relation to earlier this year.
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Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. The company operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment.