Zillow Group (ZG) to Release Quarterly Earnings on Tuesday

Zillow Group (NASDAQ:ZG) is projected to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Zillow Group to post earnings of $0.26 per share and revenue of $546.38 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Zillow Group Price Performance

Shares of ZG opened at $84.46 on Monday. The firm has a 50-day simple moving average of $75.62 and a two-hundred day simple moving average of $65.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group has a 1-year low of $38.06 and a 1-year high of $85.33. The stock has a market cap of $19.73 billion, a PE ratio of -148.18, a P/E/G ratio of 15.65 and a beta of 2.09.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ZG shares. The Goldman Sachs Group boosted their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Susquehanna boosted their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. UBS Group raised their target price on Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays boosted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, DA Davidson raised their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,689 shares of company stock worth $12,520,379. Corporate insiders own 17.14% of the company’s stock.

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.