Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the sale, the insider now owns 22,464 shares of the company’s stock, valued at $1,217,099.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Zillow Group Price Performance
ZG traded down $0.17 on Wednesday, reaching $54.17. The stock had a trading volume of 404,786 shares, compared to its average volume of 641,068. Zillow Group, Inc. has a fifty-two week low of $33.23 and a fifty-two week high of $59.23. The firm has a 50-day moving average of $49.54 and a 200-day moving average of $46.87. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of -78.75 and a beta of 2.00.
Zillow Group (NASDAQ:ZG – Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.
Institutional Investors Weigh In On Zillow Group
Analysts Set New Price Targets
Several research firms recently issued reports on ZG. DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of Zillow Group in a research note on Tuesday, June 18th. Susquehanna upped their target price on Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. UBS Group upped their target price on Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their target price on Zillow Group from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Barclays upped their target price on Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $58.56.
Check Out Our Latest Report on Zillow Group
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.
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