Zillow Group (ZG) Set to Announce Earnings on Wednesday

Zillow Group (NASDAQ:ZG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Zillow Group to post earnings of $0.31 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Zillow Group Stock Down 3.5 %

Shares of NASDAQ:ZG opened at $41.61 on Tuesday. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of -60.30 and a beta of 2.05. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group has a 12-month low of $33.23 and a 12-month high of $59.23. The business’s 50 day moving average is $45.46 and its 200 day moving average is $47.31.

Insider Activity at Zillow Group

In related news, Director Jay C. Hoag acquired 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $42.27 per share, for a total transaction of $42,270,000.00. Following the purchase, the director now owns 652,520 shares in the company, valued at approximately $27,582,020.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Susan Daimler sold 4,931 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $44.29, for a total transaction of $218,393.99. Following the completion of the transaction, the insider now directly owns 19,556 shares in the company, valued at $866,135.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay C. Hoag bought 1,000,000 shares of Zillow Group stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $42.27 per share, with a total value of $42,270,000.00. Following the completion of the transaction, the director now owns 652,520 shares of the company’s stock, valued at $27,582,020.40. The disclosure for this purchase can be found here. In the last three months, insiders have sold 60,041 shares of company stock worth $2,637,477. 17.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZG. Citigroup dropped their price target on Zillow Group from $68.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Zillow Group in a report on Monday. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Zillow Group in a report on Tuesday, April 30th. Finally, Craig Hallum dropped their price target on Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average target price of $57.69.

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.