Zillow Group (NASDAQ:Z) Releases Earnings Results, Misses Expectations By $0.48 EPS

Zillow Group (NASDAQ:Z) announced its quarterly earnings results on Tuesday. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48), Zacks reports. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group updated its Q1 2025 guidance to EPS.

Zillow Group Trading Down 9.4 %

Shares of NASDAQ Z opened at $78.21 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group has a 52 week low of $38.45 and a 52 week high of $89.39. The stock’s fifty day moving average is $78.73 and its 200 day moving average is $68.13.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 8,225 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.05, for a total value of $600,836.25. Following the completion of the transaction, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at $4,487,023.20. This represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,730 shares of company stock worth $10,896,034. Company insiders own 23.76% 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.