Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $61.53.

Several equities research analysts have recently commented on ZG shares. JMP Securities restated a “market outperform” rating and set a $62.00 price objective on shares of Zillow Group in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. Finally, Susquehanna raised their target price on Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th.

Insider Transactions at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the completion of the transaction, the general counsel now owns 35,259 shares of the company’s stock, valued at $1,873,310.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock worth $11,780,363 over the last quarter. 17.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Zillow Group by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the period. Mark Asset Management LP purchased a new stake in shares of Zillow Group in the second quarter worth approximately $4,524,000. Selkirk Management LLC grew its stake in Zillow Group by 37.4% in the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after purchasing an additional 87,300 shares in the last quarter. Garde Capital Inc. grew its stake in Zillow Group by 132.7% in the second quarter. Garde Capital Inc. now owns 139,805 shares of the technology company’s stock worth $6,297,000 after purchasing an additional 79,733 shares in the last quarter. Finally, US Bancorp DE grew its stake in Zillow Group by 42.6% in the first quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock worth $11,775,000 after purchasing an additional 73,504 shares in the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of ZG stock opened at $57.75 on Friday. The business’s 50-day moving average price is $58.18 and its 200-day moving average price is $49.23. Zillow Group has a 12 month low of $33.23 and a 12 month high of $66.75. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of -94.67 and a beta of 2.01. 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 (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) earnings per share. Equities research analysts forecast that Zillow Group will post -0.33 EPS for the current year.

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.