Zillow Group (ZG) to Release Earnings on Tuesday

Zillow Group (NASDAQ:ZG) is projected to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $546.38 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Zillow Group Trading Up 0.5 %

Shares of Zillow Group stock opened at $84.46 on Monday. Zillow Group has a 52-week low of $38.06 and a 52-week high of $85.33. The firm has a market capitalization of $19.73 billion, a PE ratio of -148.18, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s fifty day moving average price is $75.62 and its two-hundred day moving average price is $65.14.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ZG shares. DA Davidson boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. KeyCorp upgraded shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price target on the stock in a research report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, Benchmark raised their price target on shares of Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $12,520,379 in the last 90 days. 17.14% of the stock is currently owned by company insiders.

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.