Zillow Group – Class A (ZG) is Initiated by Needham to Buy, Price Target at $40

Zillow Group – Class A (ZG) was Initiated by Needham to “Buy” and the brokerage firm has set the Price Target at $40. Needham advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Zillow Group – Class A. Company shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Hold”, Firm has raised the Price Target to $ 30 from a previous price target of $20 .Company shares were Reiterated by Mizuho on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Canaccord Genuity on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .

On the company’s financial health, Zillow Group – Class A reported $-0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.67 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.04. The company had revenue of $208.40 million for the quarter, compared to analysts expectations of $206.00 million. The company’s revenue was up 31.3% compared to the same quarter last year.

Zillow Group - Class A

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