Zillow Group (NASDAQ:ZG) Earns “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Zillow Group (NASDAQ:ZG) in a report published on Monday morning, Benzinga reports. They currently have a $47.00 target price on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Citigroup lifted their price target on Zillow Group from $58.00 to $62.00 and gave the company a buy rating in a research report on Thursday, August 8th. UBS Group boosted their price target on shares of Zillow Group from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, August 8th. DA Davidson raised their price objective on shares of Zillow Group from $52.00 to $71.00 and gave the stock a buy rating in a research report on Wednesday, September 25th. Evercore ISI increased their price target on Zillow Group from $50.00 to $55.00 and gave the stock an outperform rating in a report on Thursday, August 8th. Finally, Barclays upped their price target on Zillow Group from $35.00 to $36.00 and gave the stock an underweight rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $60.94.

Zillow Group Stock Performance

Shares of ZG opened at $61.93 on Monday. The stock has a fifty day moving average price of $53.41 and a 200-day moving average price of $47.63. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $33.23 and a 12 month high of $66.75. The firm has a market cap of $14.33 billion, a PE ratio of -89.75 and a beta of 2.00.

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

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on 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 owns 79,694 shares in the company, valued at approximately $3,923,335.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the sale, the chairman now owns 582 shares of the company’s stock, valued at approximately $29,583.06. 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. Insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP increased its holdings in shares of Zillow Group by 47.8% in the 4th quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company’s stock valued at $4,441,000 after purchasing an additional 25,333 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of Zillow Group by 140.6% during the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock worth $992,000 after purchasing an additional 12,116 shares during the last quarter. US Bancorp DE lifted its position in shares of Zillow Group by 42.6% in the first quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock valued at $11,775,000 after acquiring an additional 73,504 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Zillow Group during the first quarter worth approximately $1,597,000. Finally, Russell Investments Group Ltd. boosted its stake in Zillow Group by 148.6% in the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after buying an additional 19,087 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.