Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $59.33.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Zillow Group from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Benchmark increased their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Barclays upped their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. UBS Group lifted their target price on shares of Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, 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.

Insider Activity

In other news, insider Susan Daimler sold 5,907 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total value of $282,000.18. Following the transaction, the insider now directly owns 29,665 shares in the company, valued at approximately $1,416,207.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the sale, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the transaction, the general counsel now directly owns 35,259 shares in the company, valued at approximately $1,873,310.67. The disclosure for this sale can be found here. Insiders sold 200,971 shares of company stock valued at $10,314,285 over the last three months. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Zillow Group during the fourth quarter valued at approximately $102,096,000. Vanguard Group Inc. boosted its holdings in Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after buying an additional 1,730,731 shares during the period. UBS Group AG increased its stake in Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock worth $23,832,000 after buying an additional 177,265 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Zillow Group by 244.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company’s stock worth $8,226,000 after buying an additional 121,942 shares in the last quarter. Finally, Berkshire Capital Holdings Inc. raised its holdings in Zillow Group by 1,145,800.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock valued at $6,630,000 after acquiring an additional 114,580 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Down 0.3 %

NASDAQ:ZG opened at $52.07 on Thursday. The company has a 50-day moving average price of $48.89 and a 200-day moving average price of $46.88. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of -75.46 and a beta of 2.00. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. Zillow Group’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. Equities analysts predict that Zillow Group will post -0.33 EPS for the current year.

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.