Zillow Group (NASDAQ:ZG) Price Target Lowered to $35.00 at Wells Fargo & Company

Zillow Group (NASDAQ:ZG) had its price objective decreased by Wells Fargo & Company from $46.00 to $35.00 in a research note issued to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

A number of other analysts have also weighed in on the company. Canaccord Genuity Group lowered their target price on Zillow Group from $52.00 to $40.00 and set a “hold” rating for the company in a report on Thursday. Barclays reduced their price target on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Sanford C. Bernstein cut Zillow Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $50.00 to $38.00 in a research note on Thursday. DA Davidson decreased their price objective on Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Piper Sandler cut their target price on Zillow Group from $70.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.86.

Zillow Group Stock Performance

NASDAQ:ZG opened at $33.95 on Friday. The firm has a 50-day simple moving average of $33.16 and a 200-day simple moving average of $41.54. Zillow Group has a one year low of $29.03 and a one year high of $90.22. The firm has a market cap of $7.77 billion, a P/E ratio of 154.33, a P/E/G ratio of 1.44 and a beta of 1.95.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.25 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, research analysts predict that Zillow Group will post 0.9 EPS for the current fiscal year.

Insider Activity

In other news, Director Erik C. Blachford sold 791 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $34.80, for a total transaction of $27,526.80. Following the completion of the sale, the director owned 34,952 shares in the company, valued at approximately $1,216,329.60. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares of the company’s stock, valued at $1,858,630.40. The trade was a 5.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 42,910 shares of company stock worth $1,605,732. Company insiders own 29.88% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently modified their holdings of the business. Technology Crossover Management XI Ltd. acquired a new position in shares of Zillow Group during the second quarter valued at about $73,694,895,000. Polianta Ltd boosted its stake in Zillow Group by 60.9% in the 2nd quarter. Polianta Ltd now owns 58,100 shares of the technology company’s stock worth $1,822,000 after purchasing an additional 22,000 shares in the last quarter. MFG Wealth Management Inc. purchased a new stake in Zillow Group during the 2nd quarter worth approximately $2,146,000. Assenagon Asset Management S.A. purchased a new stake in Zillow Group during the 2nd quarter worth approximately $1,546,000. Finally, NewEdge Advisors LLC increased its stake in Zillow Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,071 shares of the technology company’s stock valued at $458,000 after purchasing an additional 699 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Trending Headlines about Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow reported second-quarter earnings of $0.52 per share, above the $0.44 analyst consensus, while revenue reached $772 million, exceeding expectations of $758.25 million. Revenue increased 17.9% year over year, supported by growth in mortgage and rentals. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Several analysts still see upside: Piper Sandler and Citizens JMP maintain bullish ratings with $46 price targets, while DA Davidson and Benchmark retain buy ratings despite lowering their targets. These targets remain above the stock’s recent trading level.
• Neutral Sentiment: Zillow’s July market report showed home sales rising 7% year over year, the strongest annual gain of 2026. However, the company said newly pending sales fell sharply from June as mortgage rates reached a one-year high, raising questions about the durability of the improvement. Zillow July Market Report
• Negative Sentiment: Analysts broadly lowered their expectations following the earnings report. Wells Fargo cut its target to $35 and assigned an equal-weight rating, Evercore downgraded Zillow to hold with a $40 target, and Susquehanna and Cantor Fitzgerald also reduced targets. RBC cited near-term pressure from Zillow’s preferred-model shift. Zillow Preferred-Model Shift Adds Near-Term Pressure
• Negative Sentiment: Multiple law firms are soliciting investors ahead of the August 10 lead-plaintiff deadline for a securities-fraud class action covering purchases from February 11, 2025, through May 7, 2026. The litigation involves alleged anticompetitive conduct and related regulatory risks, creating an additional overhang for ZG.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.