Zillow Group Inc (NASDAQ:Z) a Buy: JMP Securities

In a research note issued to investors, Michael Wu at JMP Securities Reiterated their Buy rating on Zillow Group Inc (NASDAQ:Z). The analyst placed a $145.00 price target on the stock which indicates a 15.61% upside to the last closing price. In the year following Michael’s ratings, the stocks covered yield an average return of 15.70% according to TipRanks.com. In the past year 2 out of 2 recommendations or 100% were successful.

Zillow Group Inc (NASDAQ:Z) shares opened the most recent trading session at 122.12 and at the time of writing the last Bid was at 121.20. In the current trading session the stock reached as high as 124.99 and dipped down to 120.65. Zillow, Inc., a NasdaqNM listed company, has a current market cap of 4.928B and on average over the past 3 months has seen 1653880 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 103.316. Based on a recent trade, this puts the equity at +17.49% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -26.39% away from it’s 52-week high of 164.90 and +53.54% away from the stock’s low point over the past 52 weeks, which was 79.06. On a consensus basis, analysts have a one year target price of 123.00. The company last reported earnings per share of -1.09.

The consensus analyst estimates according to First Call for the next quarter is 0.09. The current year EPS estimate on the stock is 0.99 and the EPS estimate for next year sits at 2.45. In looking at the fundamentals, Z has a P/E ratio of N/A and a price to book ratio of 8.65. The company’s Book Value is 14.502 and most recently reported EBITDA of -17.1M. The price compared to next year’s EPS estimate in the current year is 51.19.

Company Profile

Zillow Group Inc (Z) is engaged in offering real estate and home-related brands on the Web and mobile. The company’s brands focus on all stages of the home lifecycle, including renting, buying, selling, financing and home improvement. The Company offers consumers with data and knowledge around homes, and connects them with the local professionals. The Company’s portfolio of consumer brands includes real estate and rental marketplaces, such as Zillow, Trulia, StreetEasy and HotPads. In addition, the Company works with real estate agents, lenders and rental professionals, and connects them to consumers. The company also operates a number of brands for real estate, rental and mortgage professionals, including Postlets, Mortech, Diverse Solutions, Market Leader, ActiveRain and Retsly.