Zillow Group, Inc. (NASDAQ:ZG) Short Interest Down 30.1% in April

Zillow Group, Inc. (NASDAQ:ZG – Get Rating) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,090,000 shares, a decline of 30.1% from the April 15th total of 1,560,000 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 505,600 shares, the days-to-cover ratio is presently 2.2 days.

Zillow Group Price Performance

NASDAQ:ZG opened at $45.02 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 12.70 and a current ratio of 12.70. The stock’s 50-day simple moving average is $42.86 and its 200 day simple moving average is $39.38. The company has a market cap of $10.55 billion, a P/E ratio of -76.31 and a beta of 1.72. Zillow Group has a 52-week low of $26.21 and a 52-week high of $48.48.

Zillow Group (NASDAQ:ZG – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.04. Zillow Group had a negative return on equity of 2.19% and a negative net margin of 5.80%. The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $414.39 million. As a group, sell-side analysts forecast that Zillow Group will post -0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZG has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on Zillow Group from $31.50 to $36.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Sanford C. Bernstein upgraded Zillow Group from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $35.00 to $45.00 in a research note on Monday, May 1st. JPMorgan Chase & Co. started coverage on Zillow Group in a research note on Monday, February 27th. They set an “overweight” rating and a $48.00 target price for the company. Craig Hallum upped their price target on Zillow Group from $38.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Finally, Bank of America increased their target price on Zillow Group from $54.00 to $55.00 in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.90.

Insider Activity at Zillow Group

In related news, insider Susan Daimler sold 4,103 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $46.36, for a total transaction of $190,215.08. Following the completion of the transaction, the insider now owns 28,486 shares in the company, valued at approximately $1,320,610.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Susan Daimler sold 4,103 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $46.36, for a total value of $190,215.08. Following the sale, the insider now owns 28,486 shares of the company’s stock, valued at approximately $1,320,610.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 6,800 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $43.01, for a total value of $292,468.00. Following the completion of the sale, the chief accounting officer now directly owns 86,961 shares in the company, valued at approximately $3,740,192.61. The disclosure for this sale can be found here. Insiders sold 51,822 shares of company stock worth $2,382,409 in the last 90 days. 18.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in ZG. Ellevest Inc. raised its position in Zillow Group by 179.8% during the fourth quarter. Ellevest Inc. now owns 943 shares of the technology company’s stock valued at $29,000 after purchasing an additional 606 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Zillow Group in the third quarter worth $29,000. PNC Financial Services Group Inc. grew its stake in shares of Zillow Group by 69.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock worth $53,000 after purchasing an additional 441 shares during the last quarter. Point72 Middle East FZE bought a new stake in shares of Zillow Group in the fourth quarter worth $64,000. Finally, Acadian Asset Management LLC acquired a new stake in Zillow Group during the 1st quarter worth about $101,000. Institutional investors own 20.21% of the company’s stock.

About Zillow Group

(Get Rating)

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.