Zillow Group, Inc. (NASDAQ:ZG) Given Average Recommendation of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:ZG) has been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $67.17.

Several equities analysts recently weighed in on the company. Evercore ISI lifted their target price on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Craig Hallum raised their target price on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Susquehanna increased their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday. Benchmark increased their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, UBS Group raised their price target on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Zillow Group Trading Up 2.7 %

NASDAQ ZG opened at $73.20 on Tuesday. The stock has a market cap of $16.94 billion, a P/E ratio of -128.42 and a beta of 2.02. The company has a current ratio of 3.13, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $34.33 and a 12 month high of $73.35. The stock’s fifty day moving average price is $60.00 and its 200-day moving average price is $50.83.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company 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 quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) earnings per share. As a group, equities analysts forecast that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. This trade 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 sold 67,596 shares of company stock valued at $3,938,581. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its position in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after purchasing an additional 421 shares during the period. Creative Planning boosted its holdings in Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group during the 3rd quarter worth about $29,000. Finally, Wedmont Private Capital raised its stake in shares of Zillow Group by 4.2% during the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after buying an additional 504 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

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.