Zillow Group, Inc. (NASDAQ:ZG) Receives $72.71 Average Price Target from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $72.71.

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Evercore ISI increased their target price on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group boosted their price target on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a research report on Monday, October 7th.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,689 shares of company stock worth $10,395,879. Corporate insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after buying an additional 421 shares during the last quarter. Creative Planning lifted its position in shares of Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after buying an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $29,000. Finally, GAMMA Investing LLC increased its holdings in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Trading Up 1.9 %

Zillow Group stock opened at $71.40 on Wednesday. Zillow Group has a 52 week low of $38.06 and a 52 week high of $83.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $16.68 billion, a PE ratio of -125.26 and a beta of 2.08. The business’s 50-day simple moving average is $72.73 and its 200-day simple moving average is $59.90.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same period in the prior year, the business earned ($0.12) earnings per share. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Zillow Group will post -0.34 earnings per share for the current year.

About Zillow Group

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.