Analysts Offer Insights on Services Companies: Caladrius Biosciences (NASDAQ: CLBS) and Zillow Group Inc (NASDAQ: ZG)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Caladrius Biosciences (CLBSResearch Report) and Zillow Group Inc (ZGResearch Report).

Caladrius Biosciences (CLBS)

Chardan Capital analyst Keay Nakae reiterated a Buy rating on Caladrius Biosciences on May 10 and set a price target of $6. The company’s shares closed on Friday at $2.84, close to its 52-week low of $2.80.

According to TipRanks.com, Nakae is ranked 0 out of 5 stars with an average return of -14.4% and a 31.4% success rate. Nakae covers the Healthcare sector, focusing on stocks such as Arbutus Biopharma Corporation, Arcturus Therapeutics Ltd, and BioSig Technologies Inc.

Currently, the analyst consensus on Caladrius Biosciences is a Strong Buy with an average price target of $12.25, representing a 331.3% upside. In a report issued on May 10, H.C. Wainwright also reiterated a Buy rating on the stock with a $18.50 price target.

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Zillow Group Inc (ZG)

In a report issued on May 10, Jason Helfstein from Oppenheimer maintained a Hold rating on Zillow Group Inc. The company’s shares closed on Friday at $35.41.

Helfstein commented:

“Maintaining Perform rating after better-than-expected 1Q results, but expect continued heavy investment and uncertainty around Homes. IMT EBITDA was 76%/71% above Opco/Street, significantly higher on two non-recurring accounting adjustments, and management raised the low-end of FY guidance for PA and IMT, suggesting re-acceleration. However, Offers bought 898 homes and sold 414, resulting in an increase of homes in inventory from 509 in 4Q to 993 in 1Q. This suggests some homes were older than 90 days and this was evidenced by inventory doubling over the quarter from $163M in 4Q to $325M. We remain on the sidelines on uncertainty around terminal unit economics and management pushing its five-year targets to “longer” than originally assumed.”

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 19.5% and a 65.8% success rate. Helfstein covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Spotify Technology SA, and IAC/InterActiveCorp.

The word on The Street in general, suggests a Hold analyst consensus rating for Zillow Group Inc with a $39 average price target, a 10.1% upside from current levels. In a report issued on May 10, Stifel Nicolaus also maintained a Hold rating on the stock with a $36 price target.

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