Zillow Group (NASDAQ:Z) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Zillow Group (NASDAQ:Z) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods lowered their target price on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.75.

Zillow Group Stock Performance

Zillow Group stock opened at $43.68 on Wednesday. The company has a 50 day moving average price of $43.70 and a 200 day moving average price of $58.72. Zillow Group has a 52 week low of $39.05 and a 52 week high of $93.88. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 174.72, a P/E/G ratio of 2.18 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.37%. The firm had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. Equities analysts forecast that Zillow Group will post 0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dan Spaulding sold 5,361 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the sale, the insider owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. The trade was a 11.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Bradley D. Owens sold 2,602 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $44.42, for a total value of $115,580.84. Following the completion of the sale, the general counsel directly owned 33,355 shares of the company’s stock, valued at approximately $1,481,629.10. The trade was a 7.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,801 shares of company stock worth $2,683,986 in the last quarter. Corporate insiders own 25.03% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $29,000. Cullen Frost Bankers Inc. grew its stake in shares of Zillow Group by 58.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after buying an additional 163 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in Zillow Group by 32.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Key Stories Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow posted a profitable Q1 (reported $46M net income) with revenue roughly in line to slightly above consensus and an EPS beat, highlighting strength in Rentals and mortgage origination growth — a near-term fundamental positive. Read More.
• Positive Sentiment: The company emphasized AI-driven product expansion (new AI tools for agents, property managers and consumers) and cited revenue gains in a flat housing market, underscoring its pivot to higher‑value workflow tools that could lift long‑term monetization. Read More.
• Neutral Sentiment: Zillow gave Q2 revenue guidance of roughly $750M–$765M, which sits close to but slightly below some analyst models; that cautious outlook has tempered enthusiasm despite the Q1 beat. Read More.
• Negative Sentiment: Monthly site traffic fell (~3% to ~220M average monthly uniques), raising concerns about user engagement and future ad/search monetization. Read More.
• Negative Sentiment: Analysts trimmed targets after the report: JPMorgan cut its target (still an overweight rating) and Keefe, Bruyette & Woods lowered theirs — mixed analyst moves increase short‑term volatility. Read More.
• Negative Sentiment: Multiple law firms (Rosen, Pomerantz) have announced investigations into possible securities claims, creating legal overhang and downside risk for investors. Read More.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.