Zillow Group (NASDAQ:Z) Stock Rating Upgraded by Cantor Fitzgerald

Zillow Group (NASDAQ:Z) was upgraded by Cantor Fitzgerald to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

Z has been the topic of a number of other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wedbush reissued a “neutral” rating and set a $50.00 target price on shares of Zillow Group in a report on Thursday, August 8th. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $53.32 on Thursday. Zillow Group has a 12 month low of $33.80 and a 12 month high of $61.13. The firm has a market capitalization of $12.34 billion, a PE ratio of -77.28 and a beta of 1.94. The business’s 50-day moving average price is $50.71 and its 200-day moving average price is $48.16. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. Sell-side analysts forecast that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Activity

In related news, CFO Jeremy Hofmann sold 7,155 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the sale, the chief financial officer now directly owns 111,239 shares of the company’s stock, valued at $6,328,386.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Zillow Group news, Director Jay C. Hoag acquired 816,866 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $43.14 per share, for a total transaction of $35,239,599.24. Following the purchase, the director now owns 1,185,540 shares in the company, valued at approximately $51,144,195.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 7,155 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total value of $407,047.95. Following the sale, the chief financial officer now owns 111,239 shares in the company, valued at $6,328,386.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,971 shares of company stock valued at $10,314,285. 23.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Concord Wealth Partners acquired a new stake in shares of Zillow Group during the first quarter worth $26,000. Larson Financial Group LLC lifted its holdings in shares of Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Zillow Group in the 1st quarter valued at $37,000. Principal Securities Inc. acquired a new stake in shares of Zillow Group in the 4th quarter valued at about $53,000. Finally, Quarry LP acquired a new stake in shares of Zillow Group in the 2nd quarter worth about $61,000. Institutional investors own 71.01% of the company’s stock.

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.