Zillow Group (NASDAQ:ZG) PT Lowered to $61.00

Zillow Group (NASDAQ:ZG) had its price target decreased by JPMorgan Chase & Co. from $65.00 to $61.00 in a research note issued to investors on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on the company. Canaccord Genuity Group cut their target price on Zillow Group from $58.00 to $50.00 and set a hold rating on the stock in a research note on Monday, April 29th. JMP Securities reissued a market outperform rating and issued a $68.00 price objective on shares of Zillow Group in a research report on Friday, April 12th. Craig Hallum decreased their target price on Zillow Group from $65.00 to $51.00 and set a buy rating for the company in a research report on Thursday. Benchmark reissued a buy rating and issued a $60.00 price target on shares of Zillow Group in a report on Tuesday, April 30th. Finally, Stephens restated an overweight rating and set a $79.00 price objective on shares of Zillow Group in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $57.40.

Zillow Group Trading Up 2.2 %

NASDAQ ZG opened at $40.07 on Thursday. The company has a current ratio of 3.32, a quick ratio of 3.24 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.36 billion, a P/E ratio of -58.07 and a beta of 1.87. The business has a fifty day simple moving average of $47.44 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.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The company had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. On average, analysts predict that Zillow Group will post -0.18 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 5,114 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the sale, the insider now directly owns 43,180 shares in the company, valued at approximately $2,394,331. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Dan Spaulding sold 5,114 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Daimler sold 15,206 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the transaction, the insider now directly owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,289 shares of company stock worth $9,642,508. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in ZG. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Zillow Group during the 1st quarter valued at $118,000. Central Pacific Bank Trust Division bought a new position in Zillow Group in the first quarter valued at $84,000. Fidelis Capital Partners LLC purchased a new stake in Zillow Group during the first quarter valued at about $32,000. Naples Money Management LLC bought a new stake in Zillow Group during the first quarter worth about $1,230,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Zillow Group in the 1st quarter worth about $219,000. 20.32% of the stock is currently owned by institutional investors.

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.