Zillow Group (NASDAQ:ZG) Receives “Overweight” Rating from Stephens

Zillow Group (NASDAQ:ZG)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a report issued on Wednesday,Benzinga reports. They presently have a $73.00 price target on the technology company’s stock. Stephens’ target price would indicate a potential upside of 0.35% from the stock’s current price.

ZG has been the subject of several other research reports. Barclays increased their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JMP Securities lifted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, DA Davidson raised their target price on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.53.

Zillow Group Trading Down 13.2 %

Shares of NASDAQ:ZG traded down $11.10 during trading on Wednesday, reaching $72.74. 860,504 shares of the company traded hands, compared to its average volume of 456,340. The business’s fifty day moving average is $75.77 and its 200-day moving average is $65.66. Zillow Group has a 52-week low of $38.06 and a 52-week high of $86.58. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of -128.03, a P/E/G ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data 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 net margin of 6.17% and a negative return on equity of 2.33%. As a group, analysts forecast that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 8,225 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the sale, the chief accounting officer now owns 61,424 shares of the company’s stock, valued at $4,487,023.20. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,730 shares of company stock worth $10,896,034. 17.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares during the period. Creative Planning raised its holdings in shares of Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Zillow Group by 4.8% during the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock valued at $1,016,000 after purchasing an additional 750 shares during the last quarter. Private Advisor Group LLC bought a new position in Zillow Group during the third quarter valued at approximately $747,000. Finally, Avitas Wealth Management LLC purchased a new stake in Zillow Group in the third quarter worth approximately $1,562,000. 20.32% of the stock is 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.