Zillow Group (NASDAQ:ZG) Price Target Cut to $85.00 by Analysts at KeyCorp

Zillow Group (NASDAQ:ZG) had its price target decreased by KeyCorp from $95.00 to $85.00 in a research report report published on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on the stock. Susquehanna upped their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Piper Sandler reduced their price target on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Canaccord Genuity Group boosted their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, Evercore ISI lifted their price target on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Zillow Group Price Performance

ZG opened at $67.81 on Tuesday. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The stock has a market capitalization of $16.45 billion, a PE ratio of -144.28, a P/E/G ratio of 8.90 and a beta of 2.33. The firm’s fifty day moving average price is $74.93 and its 200 day moving average price is $69.72.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jun Choo sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,065 shares of company stock valued at $7,660,165. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Zillow Group by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after acquiring an additional 138 shares during the period. Jones Financial Companies Lllp lifted its stake in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares during the period. Blue Trust Inc. boosted its holdings in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $27,000. Finally, Barrier Capital Management LLC grew its stake in shares of Zillow Group by 0.4% in the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock valued at $7,879,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 20.32% 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.