Zillow Group, Inc. (NASDAQ:ZG) Receives $82.25 Average Price Target from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $81.05.

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Bank of America boosted their target price on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Citigroup decreased their price target on Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday.

Zillow Group Stock Up 0.1 %

Shares of NASDAQ:ZG opened at $61.49 on Friday. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of -130.83, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The firm has a 50 day moving average of $69.66 and a 200 day moving average of $70.65. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, sell-side analysts expect that Zillow Group will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 over the last quarter. 17.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group during the fourth quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in Zillow Group during the 1st quarter worth $42,000. CX Institutional purchased a new stake in shares of Zillow Group during the first quarter worth $46,000. Finally, Asset Dedication LLC purchased a new position in shares of Zillow Group in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 20.32% 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.