Zillow Group, Inc. (NASDAQ:ZG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned a consensus rating of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $77.0455.

Several brokerages recently issued reports on ZG. KeyCorp cut their target price on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. DA Davidson set a $75.00 price target on Zillow Group in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Citizens Jmp cut their price objective on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a research report on Monday, January 12th. Finally, BNP Paribas Exane initiated coverage on Zillow Group in a research note on Wednesday, January 14th. They set an “outperform” rating and a $85.00 target price for the company.

Zillow Group Trading Up 1.9%

NASDAQ:ZG opened at $41.39 on Friday. The stock has a market capitalization of $9.93 billion, a PE ratio of 459.94, a P/E/G ratio of 2.27 and a beta of 2.05. Zillow Group has a 1-year low of $39.99 and a 1-year high of $90.22. The firm has a fifty day simple moving average of $49.25 and a 200 day simple moving average of $63.41.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The firm had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. On average, equities analysts predict that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 41,080 shares of the company’s stock, valued at $1,805,466. This represents a 11.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 7,786 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total value of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares in the company, valued at $2,513,906.51. The trade was a 11.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 60,801 shares of company stock valued at $2,683,986. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Arax Advisory Partners boosted its holdings in Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after purchasing an additional 354 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 187 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Zillow Group in the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new stake in Zillow Group during the fourth quarter worth approximately $47,000. Finally, Quarry LP bought a new position in Zillow Group during the 4th quarter worth $56,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.