Zillow Group (NASDAQ:ZG) Stock Price Expected to Rise, Susquehanna Analyst Says

Zillow Group (NASDAQ:ZG) had its target price boosted by investment analysts at Susquehanna from $55.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Susquehanna’s target price indicates a potential upside of 4.18% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th. Benchmark raised their price target on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. JMP Securities lifted their price target on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Citigroup increased their price objective on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, DA Davidson lifted their target price on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.17.

Zillow Group Stock Down 1.7 %

Shares of NASDAQ:ZG opened at $71.99 on Monday. The company’s fifty day moving average is $60.39 and its two-hundred day moving average is $51.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 3.13. Zillow Group has a 1-year low of $34.33 and a 1-year high of $73.89. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of -126.30 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. Zillow Group’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts anticipate that Zillow Group will post -0.33 EPS for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,650 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $54.71, for a total value of $199,691.50. Following the transaction, the chief accounting officer now owns 72,836 shares of the company’s stock, valued at approximately $3,984,857.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 3,650 shares of Zillow Group 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 transaction, the chief accounting officer now owns 72,836 shares in the company, valued at approximately $3,984,857.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,237 shares of company stock valued at $2,914,414 in the last quarter. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in the business. Signaturefd LLC boosted its position in Zillow Group by 29.7% during the second 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 raised its stake in shares of Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after purchasing an additional 421 shares in the last quarter. Creative Planning lifted its holdings in shares of Zillow Group by 7.2% during the 3rd 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 stake in shares of Zillow Group in the 3rd quarter valued at approximately $29,000. Finally, Wedmont Private Capital increased its holdings in Zillow Group by 4.2% in the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after buying an additional 504 shares during the last quarter. 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.