Zillow Group, Inc. (NASDAQ:ZG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $57.40.

A number of research analysts have weighed in on ZG shares. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Canaccord Genuity Group decreased their price objective on shares of Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Barclays decreased their price objective on shares of Zillow Group from $40.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Craig Hallum decreased their price objective on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Zillow Group in a research note on Tuesday, April 30th.

Insider Activity at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the completion of the sale, the general counsel now owns 40,194 shares of the company’s stock, valued at approximately $1,774,565.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Zillow Group news, General Counsel Bradley D. Owens sold 1,373 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the transaction, the general counsel now directly owns 40,194 shares in the company, valued at approximately $1,774,565.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,260 shares of company stock valued at $2,846,739. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Zillow Group in the 1st quarter worth approximately $32,000. Quadrant Capital Group LLC lifted its holdings in shares of Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after acquiring an additional 237 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Zillow Group in the 1st quarter worth approximately $53,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Trading Down 1.1 %

NASDAQ ZG opened at $46.55 on Friday. The company has a market capitalization of $10.99 billion, a PE ratio of -67.46 and a beta of 2.02. The company has a fifty day moving average of $42.24 and a 200 day moving average of $48.42. Zillow Group has a 1 year low of $33.23 and a 1 year high of $59.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. Research analysts forecast that Zillow Group will post -0.41 earnings per share for the current year.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.