Zillow Group (NASDAQ:ZG) Given New $90.00 Price Target at Piper Sandler

Zillow Group (NASDAQ:ZG) had its price objective decreased by Piper Sandler from $93.00 to $90.00 in a report published on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the technology company’s stock.

ZG has been the subject of several other research reports. Barclays lifted their target price on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Cantor Fitzgerald lifted their target price on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday. DA Davidson lifted their target price on shares of Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $83.00.

Zillow Group Stock Up 2.0 %

Shares of NASDAQ ZG opened at $76.89 on Wednesday. The company has a 50 day simple moving average of $75.58 and a 200-day simple moving average of $65.99. The company has a market capitalization of $17.96 billion, a P/E ratio of -134.89, a P/E/G ratio of 15.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. On average, equities research analysts predict that Zillow Group will post -0.42 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,838 shares of company stock valued at $6,619,079. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group in the fourth quarter valued at $27,000. Blue Trust Inc. increased its stake in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the period. Asset Dedication LLC acquired a new position in Zillow Group in the fourth quarter valued at $47,000. Assetmark Inc. increased its stake in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.