Zillow Group (NASDAQ:ZG) Earns Market Outperform Rating from JMP Securities

Zillow Group (NASDAQ:ZG)‘s stock had its “market outperform” rating reissued by JMP Securities in a note issued to investors on Wednesday, Benzinga reports. They presently have a $62.00 price target on the technology company’s stock. JMP Securities’ price objective points to a potential upside of 5.39% from the stock’s previous close.

Other analysts have also issued reports about the company. Royal Bank of Canada raised their target price on Zillow Group from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Craig Hallum raised their price objective on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Benchmark upped their target price on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Barclays raised their price target on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Finally, Susquehanna upped their price objective on Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average price target of $60.94.

Zillow Group Price Performance

NASDAQ:ZG opened at $58.83 on Wednesday. The firm has a market cap of $13.89 billion, a PE ratio of -85.26 and a beta of 2.01. The company’s 50-day moving average price is $55.50 and its two-hundred day moving average price is $48.33. The company has a quick ratio of 2.12, a current 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 $66.75.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $538.36 million. During the same period in the previous year, the business earned ($0.05) EPS. Zillow Group’s revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,999 shares of company stock valued at $11,780,363. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in Zillow Group during the 3rd quarter worth about $29,000. Fidelis Capital Partners LLC acquired a new stake in Zillow Group in the 1st quarter valued at approximately $32,000. EntryPoint Capital LLC bought a new stake in Zillow Group in the 1st quarter valued at approximately $53,000. GAMMA Investing LLC boosted its position in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.