Zillow Group, Inc. (NASDAQ:ZG) Receives $57.14 Average Target Price from Analysts

Zillow Group, Inc. (NASDAQ:ZG) has received an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $57.14.

ZG has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Zillow Group from $40.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, May 2nd. Craig Hallum decreased their price objective on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Citigroup decreased their price objective on shares of Zillow Group from $68.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of Zillow Group in a research report on Tuesday, June 18th. Finally, Royal Bank of Canada decreased their price objective on shares of Zillow Group from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 2,640 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total value of $116,608.80. Following the completion of the sale, the chief accounting officer now owns 83,744 shares in the company, valued at approximately $3,698,972.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Jennifer Rock sold 2,640 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total value of $116,608.80. Following the completion of the sale, the chief accounting officer now owns 83,744 shares in the company, valued at approximately $3,698,972.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Daimler sold 5,907 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the sale, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The disclosure for this sale can be found here. Insiders sold 60,041 shares of company stock valued at $2,637,477 in the last three months. Corporate insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently made changes to their positions in the company. Garde Capital Inc. lifted its holdings in Zillow Group by 1.0% during the 1st quarter. Garde Capital Inc. now owns 60,072 shares of the technology company’s stock valued at $2,875,000 after buying an additional 600 shares in the last quarter. PGGM Investments lifted its holdings in Zillow Group by 7.3% during the 1st quarter. PGGM Investments now owns 60,585 shares of the technology company’s stock valued at $2,900,000 after buying an additional 4,144 shares in the last quarter. Garner Asset Management Corp lifted its holdings in Zillow Group by 8.0% during the 1st quarter. Garner Asset Management Corp now owns 24,962 shares of the technology company’s stock valued at $1,195,000 after buying an additional 1,846 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Zillow Group by 169.9% during the 1st quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock valued at $1,186,000 after buying an additional 15,594 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Zillow Group during the 1st quarter valued at about $1,597,000. Institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Up 1.1 %

ZG opened at $48.89 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group has a 1-year low of $33.23 and a 1-year high of $59.23. The company has a market capitalization of $11.55 billion, a PE ratio of -70.86 and a beta of 2.05. The firm’s 50 day simple moving average is $43.51 and its two-hundred day simple moving average is $48.10.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million for the quarter, compared to the consensus estimate of $509.30 million. As a group, equities analysts forecast that Zillow Group will post -0.4 EPS 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.