Zillow Group, Inc. (NASDAQ:ZG) Receives $67.17 Average PT from Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $67.17.

A number of analysts have commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. JMP Securities boosted their price target on Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Barclays increased their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group boosted their target price on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, November 7th.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 3,650 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50. Following the completion of the transaction, the chief accounting officer now directly owns 72,836 shares in the company, valued at approximately $3,984,857.56. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Erik C. Blachford sold 1,413 shares of Zillow Group stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total value of $77,531.31. Following the sale, the director now directly owns 35,403 shares in the company, valued at $1,942,562.61. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,153 shares of company stock valued at $2,432,349 over the last three months. 17.14% of the stock is owned by insiders.

Institutional Trading of Zillow Group

Several institutional investors have recently modified their holdings of ZG. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group during the 3rd quarter valued at $29,000. EntryPoint Capital LLC acquired a new stake in Zillow Group during the 1st quarter worth about $53,000. GAMMA Investing LLC lifted its stake in Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Zillow Group in the third quarter worth approximately $212,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Down 0.3 %

Shares of NASDAQ:ZG opened at $72.00 on Tuesday. The company has a market cap of $16.66 billion, a price-to-earnings ratio of -126.32 and a beta of 2.02. Zillow Group has a fifty-two week low of $36.38 and a fifty-two week high of $73.89. The firm’s 50-day simple moving average is $61.20 and its 200-day simple moving average is $51.33. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) earnings per share. As a group, equities research analysts predict that Zillow Group will post -0.33 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.