Zillow Group, Inc. (NASDAQ:ZG) Given Average Recommendation of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:ZG) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $72.71.

A number of equities analysts have issued reports on the company. Canaccord Genuity Group increased their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Piper Sandler increased their price objective on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. The Goldman Sachs Group boosted their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. Finally, DA Davidson boosted their price objective on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Zillow Group Price Performance

Shares of ZG opened at $71.40 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $16.68 billion, a PE ratio of -125.26 and a beta of 2.09. The stock has a 50 day simple moving average of $72.73 and a 200 day simple moving average of $60.07. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that Zillow Group will post -0.34 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total transaction of $751,000.00. Following the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,689 shares of company stock valued at $10,395,879. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after acquiring an additional 32,766 shares in the last quarter. State Street Corp grew its position in shares of Zillow Group by 0.4% during the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after purchasing an additional 2,832 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Zillow Group by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 35,503 shares in the last quarter. Selkirk Management LLC increased its holdings in shares of Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after purchasing an additional 87,300 shares during the period. Finally, US Bancorp DE raised its position in shares of Zillow Group by 6.5% in the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after buying an additional 18,136 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.