Zillow Group (NASDAQ:ZG) Price Target Cut to $46.00 by Analysts at Citizens Jmp

Zillow Group (NASDAQ:ZG) had its target price cut by research analysts at Citizens Jmp from $75.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s price target suggests a potential upside of 34.89% from the company’s current price.

Several other research firms have also issued reports on ZG. Wells Fargo & Company cut their target price on Zillow Group from $46.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday. BTIG Research reaffirmed a “neutral” rating on shares of Zillow Group in a research report on Thursday, June 11th. KeyCorp reduced their price objective on shares of Zillow Group from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday. Susquehanna lowered their target price on shares of Zillow Group from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, UBS Group cut their price target on shares of Zillow Group from $75.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.29.

Zillow Group Stock Performance

NASDAQ:ZG traded up $0.34 during trading hours on Friday, reaching $34.10. The company’s stock had a trading volume of 536,964 shares, compared to its average volume of 1,194,752. The stock has a 50 day moving average price of $33.19 and a two-hundred day moving average price of $41.59. The company has a market capitalization of $7.80 billion, a P/E ratio of 155.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.95. Zillow Group has a 12 month low of $29.03 and a 12 month high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.25 million. Zillow Group had a return on equity of 2.27% and a net margin of 1.96%.The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. As a group, analysts predict that Zillow Group will post 0.9 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Bradley D. Owens sold 3,364 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $37.23, for a total transaction of $125,241.72. Following the sale, the general counsel directly owned 65,245 shares of the company’s stock, valued at $2,429,071.35. The trade was a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, CEO Jeremy Wacksman sold 9,072 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $36.54, for a total value of $331,490.88. Following the completion of the transaction, the chief executive officer directly owned 153,699 shares in the company, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 42,910 shares of company stock valued at $1,605,732. 29.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZG. Signaturefd LLC boosted its stake in Zillow Group by 10.4% during the fourth quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock worth $117,000 after buying an additional 161 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Zillow Group by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company’s stock valued at $147,000 after acquiring an additional 198 shares during the period. Lido Advisors LLC raised its stake in shares of Zillow Group by 0.4% in the 4th quarter. Lido Advisors LLC now owns 50,846 shares of the technology company’s stock valued at $3,627,000 after acquiring an additional 215 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of Zillow Group by 1.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 18,217 shares of the technology company’s stock worth $1,248,000 after acquiring an additional 247 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Zillow Group by 8.5% in the 3rd quarter. Mackenzie Financial Corp now owns 3,301 shares of the technology company’s stock worth $246,000 after acquiring an additional 258 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

More Zillow Group News

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

• Positive Sentiment: Zillow reported second-quarter adjusted EPS of $0.52, exceeding the $0.44 analyst consensus, while revenue rose 17.9% year over year to $772 million and topped estimates. Growth in mortgage and rental businesses supported the results. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Despite reducing its price target, Benchmark maintained a “buy” rating and set an $80 target, implying substantial potential upside from current levels. DA Davidson also retained its “buy” rating with a $50 target. Analyst Price Target Changes
• Neutral Sentiment: Zillow’s July market report showed home sales up 7% year over year, but the company said pending sales declined sharply from June as mortgage rates reached a one-year high. The data suggests recent strength may not persist into the second half. Zillow July Market Report
• Negative Sentiment: Management forecast third-quarter revenue of $745 million to $760 million, below the $772.3 million consensus, while full-year revenue guidance of $2.9 billion to $3.0 billion only reaches the low end of expectations. A $36 million restructuring charge also contributed to a reported $4 million net loss. Zillow Stock Sinks Despite Q2 Earnings Beat
• Negative Sentiment: Analyst sentiment weakened after earnings: Evercore downgraded Zillow to “hold” with a $40 target, Wells Fargo assigned an “equal weight” rating and cut its target to $35, and Susquehanna lowered its target to $38. RBC also cited near-term pressure from Zillow’s shift toward a preferred operating model. Zillow Preferred-Model Shift Adds Near-Term Pressure
• Negative Sentiment: Multiple law firms are soliciting investors ahead of an August 10 deadline to participate in a securities-fraud class action covering purchases made from February 11, 2025, through May 7, 2026. The litigation adds reputational and potential financial risk. Berger Montague Zillow Securities-Fraud Class Action

About Zillow Group

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.