Analysts Set Zillow Group, Inc. (NASDAQ:ZG) PT at $57.40

Zillow Group, Inc. (NASDAQ:ZG) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $57.40.

Several brokerages recently weighed in on ZG. Citigroup reduced their price target on shares of Zillow Group from $68.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. decreased their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. DA Davidson reaffirmed a “buy” rating and set a $63.00 price objective on shares of Zillow Group in a research report on Friday, April 5th. Susquehanna lifted their price objective on Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, JMP Securities lowered their target price on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 2nd.

Insider Buying and Selling

In other Zillow Group news, General Counsel Bradley D. Owens sold 4,183 shares of Zillow Group stock in a transaction on Friday, May 17th. The shares were sold at an average price of $44.79, for a total value of $187,356.57. Following the sale, the general counsel now directly owns 36,011 shares in the company, valued at approximately $1,612,932.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Bradley D. Owens sold 4,183 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.79, for a total transaction of $187,356.57. Following the sale, the general counsel now directly owns 36,011 shares of the company’s stock, valued at approximately $1,612,932.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy Bohutinsky sold 93,750 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $320,411.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,560 shares of company stock worth $8,829,931. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZG. Commonwealth Equity Services LLC raised its position in Zillow Group by 33.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,003 shares of the technology company’s stock valued at $403,000 after purchasing an additional 2,237 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Zillow Group by 215.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,252 shares of the technology company’s stock valued at $414,000 after acquiring an additional 6,320 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Zillow Group in the third quarter valued at about $873,000. Duality Advisers LP boosted its stake in Zillow Group by 3.9% in the 3rd quarter. Duality Advisers LP now owns 21,670 shares of the technology company’s stock worth $971,000 after purchasing an additional 816 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Zillow Group by 1.4% during the third quarter. California Public Employees Retirement System now owns 121,429 shares of the technology company’s stock valued at $5,439,000 after buying an additional 1,680 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Down 3.7 %

ZG opened at $39.34 on Tuesday. 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 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $44.13 and its 200-day moving average price is $48.00. The company has a market cap of $9.29 billion, a P/E ratio of -57.01 and a beta of 1.87.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. On average, equities analysts expect that Zillow Group will post -0.18 EPS for the current 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.