Zillow Group (NASDAQ:ZG) Price Target Raised to $98.00 at UBS Group

Zillow Group (NASDAQ:ZG) had its target price increased by UBS Group from $90.00 to $98.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts have also recently weighed in on ZG. Evercore ISI boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Craig Hallum raised their target price on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Canaccord Genuity Group increased their price target on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, Piper Sandler boosted their target price on shares of Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $74.06.

Zillow Group Stock Down 1.8 %

Zillow Group stock opened at $79.76 on Monday. The company has a market capitalization of $18.63 billion, a PE ratio of -139.93, a PEG ratio of 10.31 and a beta of 2.09. Zillow Group has a 12-month low of $38.06 and a 12-month high of $83.67. The firm’s fifty day moving average is $75.55 and its 200 day moving average is $63.47. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. Zillow Group’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, sell-side analysts predict that Zillow Group will post -0.36 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was 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. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,689 shares of company stock valued at $10,395,879. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of ZG. Future Financial Wealth Managment LLC purchased a new position in Zillow Group in the third quarter valued at about $29,000. Blue Trust Inc. increased its stake in Zillow Group by 70.2% during the 4th 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. Asset Dedication LLC purchased a new position in shares of Zillow Group in the fourth quarter worth $47,000. Versant Capital Management Inc acquired a new stake in shares of Zillow Group during the fourth quarter worth $72,000. Finally, GAMMA Investing LLC grew its holdings in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

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.