Evercore ISI Boosts Zillow Group (NASDAQ:ZG) Price Target to $90.00

Zillow Group (NASDAQ:ZG) had its price target lifted by Evercore ISI from $75.00 to $90.00 in a report issued on Wednesday,Benzinga reports. Evercore ISI currently has an outperform rating on the technology company’s stock.

ZG has been the subject of a number of other reports. Barclays increased their target price on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Piper Sandler decreased their target price on Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. 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 note on Thursday, November 7th. Benchmark increased their price target on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald boosted their price objective on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $80.95.

Zillow Group Stock Down 10.7 %

ZG stock opened at $74.87 on Wednesday. The stock has a market cap of $17.49 billion, a P/E ratio of -131.35, a P/E/G ratio of 15.65 and a beta of 2.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $75.68 and its two-hundred day simple moving average is $65.73. Zillow Group has a 1-year low of $38.06 and a 1-year high of $86.58.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,846 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total value of $134,813.38. Following the sale, the general counsel now directly owns 29,893 shares of the company’s stock, valued at $2,183,085.79. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,730 shares of company stock valued at $10,896,034. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Zillow Group by 86.7% during the 3rd 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 in the last quarter. Creative Planning grew its position in Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Zillow Group by 4.8% during the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after acquiring an additional 750 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $747,000. Finally, Avitas Wealth Management LLC purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $1,562,000. 20.32% of the stock is owned by institutional investors.

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.