Barclays Sticks to Their Hold Rating for Zillow Group Inc (ZG)

By Carrie Williams

In a report released yesterday, Deepak Mathivanan from Barclays maintained a Hold rating on Zillow Group Inc (ZGResearch Report), with a price target of $32. The company’s shares closed yesterday at $29.91, close to its 52-week low of $29.85.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 19.3% and a 65.3% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Yelp Inc, and GrubHub.

Currently, the analyst consensus on Zillow Group Inc is a Hold with an average price target of $37.67, a 25.9% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.

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Based on Zillow Group Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $492K. 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.