Zillow Group, Inc. (NASDAQ:Z) Given Consensus Rating of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $76.00.

Z has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Zacks Research lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Royal Bank Of Canada dropped their price target on Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group dropped their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Insiders Place Their Bets

In other news, CEO Jeremy Wacksman sold 9,072 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.54, for a total value of $331,490.88. Following the completion of the sale, the chief executive officer owned 153,699 shares in the company, valued at approximately $5,616,161.46. This trade represents a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erik C. Blachford sold 791 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $34.80, for a total value of $27,526.80. Following the completion of the sale, the director owned 34,952 shares of the company’s stock, valued at approximately $1,216,329.60. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 42,910 shares of company stock valued at $1,605,732. Company insiders own 25.03% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $43,000. Leonteq Securities AG grew its stake in shares of Zillow Group by 627.0% in the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,160 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Zillow Group by 283.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,045 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Zillow Group by 4,119.0% in the third quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after buying an additional 865 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $32.03 on Friday. The firm has a market capitalization of $7.33 billion, a PE ratio of 128.12, a P/E/G ratio of 1.37 and a beta of 1.97. The business has a 50-day moving average of $39.70 and a two-hundred day moving average of $52.17. Zillow Group has a 12 month low of $31.49 and a 12 month high of $93.88.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. As a group, research analysts anticipate that Zillow Group will post 0.9 earnings per share for the current year.

About Zillow Group

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.