Merrill Lynch Reiterates a Buy Rating on Zillow Group Class A

By Jason Carr

In a report released today, Nat Schindler from Merrill Lynch reiterated a Buy rating on Zillow Group Class A (NASDAQ: ZG), with a price target of $40. The company’s shares opened today at $34.90.

According to TipRanks.com, Schindler is a 1-star analyst with an average return of -2.7% and a 47.2% success rate. Schindler covers the Technology sector, focusing on stocks such as Quotient Technology Inc, TripAdvisor Inc., and Synacor Inc.

Currently, the analyst consensus on Zillow Group Class A is Moderate Buy and the average price target is $38.60, representing a 10.6% upside.

In a report issued on November 2, RBC Capital also reiterated a Buy rating on the stock with a $42 price target.

The company has a one year high of $39.99 and a one year low of $16.46. Currently, Zillow Group Class A has an average volume of 583.1K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.

Zillow Group, Inc. engages in the operation of real estate marketplace and the provision of property services. Its portfolio includes Zillow, Trulia, StreetEasy, HotPads, and Naked Apartments. It also houses the business brands Diverse Solutions, Dotloop, Mortech, and Retsly. The company was founded by Richard N. Barton and Lloyd D. Frink on July 25, 2014 and is headquartered in Seattle, WA.