Brokerages Set Zillow Group, Inc. (NASDAQ:ZG) PT at $58.79

Zillow Group, Inc. (NASDAQ:ZG) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $58.79.

Several brokerages recently commented on ZG. DA Davidson reiterated a “buy” rating and set a $63.00 price target on shares of Zillow Group in a research note on Friday, April 5th. Stephens reiterated an “overweight” rating and set a $79.00 price target on shares of Zillow Group in a research note on Wednesday, February 14th. Susquehanna lifted their price objective on shares of Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $68.00 price objective on shares of Zillow Group in a research note on Friday, April 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price objective on shares of Zillow Group in a research note on Tuesday, March 5th.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 5,114 shares of Zillow Group stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.45, for a total transaction of $283,571.30. Following the completion of the sale, the insider now owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Dan Spaulding sold 5,114 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.45, for a total transaction of $283,571.30. Following the transaction, the insider now owns 43,180 shares in the company, valued at approximately $2,394,331. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now owns 17,181 shares in the company, valued at $996,669.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,289 shares of company stock worth $9,642,508. Corporate insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Zillow Group by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the period. Norges Bank acquired a new stake in shares of Zillow Group in the 4th quarter valued at approximately $102,096,000. Qube Research & Technologies Ltd boosted its stake in shares of Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares in the last quarter. UBS Group AG boosted its stake in shares of Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after purchasing an additional 177,265 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Zillow Group by 1.7% in the 1st quarter. Raymond James & Associates now owns 180,407 shares of the technology company’s stock valued at $8,634,000 after purchasing an additional 2,999 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

Zillow Group stock opened at $43.13 on Friday. The stock has a market cap of $10.07 billion, a P/E ratio of -63.43 and a beta of 1.83. The company has a fifty day simple moving average of $48.50 and a 200-day simple moving average of $47.65. Zillow Group has a 12-month low of $33.23 and a 12-month high of $59.23. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. The business had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. Equities analysts expect that Zillow Group will post -0.15 EPS for the current fiscal year.

About Zillow Group

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.