Zillow Group, Inc. (NASDAQ:Z) Given Average Recommendation of “Hold” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has been given an average rating of “Hold” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $56.20.

A number of brokerages have recently issued reports on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Jefferies Financial Group upped their target price on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Wedbush lowered their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 5,907 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total value of $282,000.18. Following the transaction, the insider now directly owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Jeremy Wacksman sold 6,498 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.27, for a total transaction of $287,666.46. Following the sale, the chief operating officer now directly owns 126,775 shares in the company, valued at approximately $5,612,329.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the sale, the insider now owns 29,665 shares in the company, valued at $1,416,207.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,260 shares of company stock worth $2,846,739. 23.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of Z. GAMMA Investing LLC bought a new stake in Zillow Group during the 4th quarter valued at $25,000. Concord Wealth Partners bought a new position in shares of Zillow Group in the first quarter worth approximately $26,000. Fidelis Capital Partners LLC bought a new position in shares of Zillow Group in the first quarter worth approximately $37,000. Clearstead Advisors LLC grew its position in Zillow Group by 1,724.1% during the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in Zillow Group during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

NASDAQ:Z opened at $49.02 on Wednesday. The company has a market cap of $11.58 billion, a price-to-earnings ratio of -71.04 and a beta of 1.95. The firm’s 50-day moving average is $43.00 and its 200-day moving average is $49.88. Zillow Group has a 52-week low of $33.80 and a 52-week high of $61.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts anticipate that Zillow Group will post -0.4 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.