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Wells Fargo Remains a Hold on Zillow Group Class A (ZG)

Tipranks - Sat Jun 13, 4:44AM CDT

In a report released yesterday, Alec Brondolo from Wells Fargo maintained a Hold rating on Zillow Group Class A, with a price target of $45.00. The company’s shares closed yesterday at $33.05.

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According to TipRanks, Brondolo is a 2-star analyst with an average return of 1.5% and a 44.07% success rate. Brondolo covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Reddit Inc Class A, and Take-Two.

Currently, the analyst consensus on Zillow Group Class A is a Moderate Buy with an average price target of $59.94.

Based on Zillow Group Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $708 million and a net profit of $46 million. In comparison, last year the company earned a revenue of $598 million and had a net profit of $8 million

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