Craig Hallum Lowers Zillow Group (NASDAQ:ZG) Price Target to $51.00

Zillow Group (NASDAQ:ZG) had its price objective reduced by Craig Hallum from $65.00 to $51.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also recently weighed in on ZG. Canaccord Genuity Group cut their price objective on shares of Zillow Group from $58.00 to $50.00 and set a hold rating on the stock in a report on Monday, April 29th. DA Davidson reiterated a buy rating and set a $63.00 price target on shares of Zillow Group in a research note on Friday, April 5th. Susquehanna boosted their price target on shares of Zillow Group from $36.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Bank of America lowered Zillow Group from a buy rating to a neutral rating in a report on Wednesday, January 10th. Finally, Benchmark reissued a buy rating and issued a $60.00 target price on shares of Zillow Group in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of Moderate Buy and an average target price of $57.40.

Zillow Group Stock Performance

NASDAQ:ZG opened at $40.07 on Thursday. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.24. The firm has a market capitalization of $9.36 billion, a PE ratio of -58.07 and a beta of 1.87. The business’s fifty day moving average price is $47.44 and its 200 day moving average price is $47.65.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The business had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. On average, sell-side analysts anticipate that Zillow Group will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zillow Group news, insider Dan Spaulding sold 5,114 shares of Zillow Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.45, for a total value of $283,571.30. Following the sale, the insider now owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $56.69, for a total value of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $320,411.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,289 shares of company stock valued at $9,642,508. 17.14% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in Zillow Group during the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Zillow Group in the 4th quarter worth approximately $31,000. Fidelis Capital Partners LLC purchased a new position in Zillow Group in the 1st quarter valued at approximately $32,000. Quadrant Capital Group LLC increased its stake in Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares in the last quarter. Finally, CWM LLC raised its holdings in Zillow Group by 100.0% during the third quarter. CWM LLC now owns 1,222 shares of the technology company’s stock worth $55,000 after purchasing an additional 611 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other 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.