Analysts Set Zillow Group, Inc. (NASDAQ:ZG) Price Target at $72.12

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $72.12.

A number of equities research analysts recently weighed in on the company. DA Davidson increased their price target on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Piper Sandler increased their target price on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Canaccord Genuity Group raised their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, Susquehanna boosted their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th.

Zillow Group Stock Down 0.0 %

Shares of NASDAQ:ZG opened at $78.77 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67. The firm has a market cap of $18.40 billion, a P/E ratio of -138.19 and a beta of 2.08. The company’s 50-day moving average price is $68.11 and its two-hundred day moving average price is $56.28.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. As a group, research analysts forecast that Zillow Group will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the sale, the chief technology officer now directly owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the sale, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,140 shares of company stock worth $11,955,195. 17.14% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of Zillow Group in the 3rd quarter valued at $95,000. Signaturefd LLC raised its stake in Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Zillow Group during the 3rd quarter worth about $212,000. 20.32% of the stock is currently owned by institutional investors.

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.