UBS Group Increases Zillow Group (NASDAQ:ZG) Price Target to $80.00

Zillow Group (NASDAQ:ZG) had its target price boosted by research analysts at UBS Group from $70.00 to $80.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s price objective suggests a potential upside of 39.03% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Craig Hallum boosted their price objective on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Susquehanna boosted their target price on shares of Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. DA Davidson raised their price target on Zillow Group from $52.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Evercore ISI upped their price objective on Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $62.00 target price on shares of Zillow Group in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.53.

Zillow Group Stock Down 1.9 %

Zillow Group stock opened at $57.54 on Tuesday. Zillow Group has a 12 month low of $33.23 and a 12 month high of $66.75. The stock has a fifty day simple moving average of $57.94 and a two-hundred day simple moving average of $49.11. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of -85.01 and a beta of 2.01.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million during the quarter, compared to the consensus estimate of $538.36 million. During the same period last year, the company earned ($0.05) EPS. Zillow Group’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts predict that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares in the company, valued at $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,999 shares of company stock worth $11,780,363. 17.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently bought and sold shares of ZG. Edgestream Partners L.P. lifted its stake in shares of Zillow Group by 140.6% in the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after purchasing an additional 12,116 shares during the last quarter. US Bancorp DE boosted its stake in Zillow Group by 42.6% during the first quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock worth $11,775,000 after buying an additional 73,504 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Zillow Group during the first quarter worth $1,597,000. Russell Investments Group Ltd. increased its position in Zillow Group by 148.6% during the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after acquiring an additional 19,087 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Zillow Group by 24.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock valued at $2,233,000 after acquiring an additional 9,828 shares during the period. Institutional investors 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.