Zillow Group (NASDAQ:ZG) Price Target Raised to $92.00

Zillow Group (NASDAQ:ZG) had its price objective lifted by JMP Securities from $82.00 to $92.00 in a research report released on Monday,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

Several other research analysts have also recently weighed in on ZG. Craig Hallum upped their price objective on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on shares of Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, DA Davidson raised their target price on shares of Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.71.

Zillow Group Stock Performance

Shares of ZG opened at $72.41 on Monday. The firm has a market cap of $16.91 billion, a P/E ratio of -127.04 and a beta of 2.08. Zillow Group has a twelve month low of $38.06 and a twelve month high of $83.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm’s 50 day moving average price is $69.75 and its two-hundred day moving average price is $57.59.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS. On average, analysts forecast that Zillow Group will post -0.34 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares in the company, valued at $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in Zillow Group during the 3rd quarter worth $29,000. Signaturefd LLC boosted its position in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after acquiring an additional 360 shares during the period. GAMMA Investing LLC grew its stake in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in Zillow Group during the third quarter worth about $95,000. Finally, Maryland State Retirement & Pension System acquired a new stake in Zillow Group in the 2nd quarter worth about $202,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.