Zillow Group, Inc. (NASDAQ:ZG) Receives $60.94 Consensus Price Target from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.53.

ZG has been the topic of a number of research analyst reports. Benchmark increased their target price on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. JMP Securities reissued a “market outperform” rating and issued a $62.00 price target on shares of Zillow Group in a report on Wednesday, October 9th. DA Davidson raised their price target on Zillow Group from $52.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Evercore ISI lifted their target price on Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Susquehanna lifted their target price on Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, August 12th.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares in the company, valued at $3,923,335.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares of the company’s stock, valued at $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock worth $11,780,363 over the last three months. Company insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently modified their holdings of ZG. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the 3rd quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new stake in Zillow Group during the 1st quarter valued at $32,000. EntryPoint Capital LLC acquired a new stake in Zillow Group during the 1st quarter valued at $53,000. Signaturefd LLC lifted its holdings in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $57.75 on Friday. The stock’s 50-day moving average is $58.18 and its 200-day moving average is $49.23. The company has a market cap of $13.37 billion, a price-to-earnings ratio of -94.67 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group has a 12 month low of $33.23 and a 12 month high of $66.75.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same period last year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.

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.