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

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $78.0455.

Several equities research analysts have weighed in on ZG shares. Wells Fargo & Company cut their price target on Zillow Group from $73.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. Citizens Jmp lowered their target price on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a research note on Monday, January 12th. Sanford C. Bernstein dropped their target price on Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. UBS Group set a $80.00 price target on Zillow Group in a research report on Wednesday, February 11th. Finally, Benchmark reissued a “buy” rating on shares of Zillow Group in a report on Wednesday, February 11th.

Zillow Group Price Performance

ZG stock opened at $44.57 on Monday. The firm’s fifty day simple moving average is $57.45 and its 200-day simple moving average is $68.12. The company has a market capitalization of $10.69 billion, a P/E ratio of 495.28, a price-to-earnings-growth ratio of 2.57 and a beta of 2.06. Zillow Group has a 12 month low of $41.90 and a 12 month high of $90.22.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. As a group, sell-side analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity

In related news, insider Dan Spaulding sold 5,361 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95. Following the sale, the insider owned 41,080 shares in the company, valued at approximately $1,805,466. This trade represents a 11.54% 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 hyperlink. Also, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total transaction of $340,481.78. Following the completion of the transaction, the chief financial officer directly owned 57,487 shares of the company’s stock, valued at $2,513,906.51. The trade was a 11.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 60,801 shares of company stock worth $2,683,986. 17.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZG. DoubleLine ETF Adviser LP raised its holdings in shares of Zillow Group by 4.9% during the third quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after acquiring an additional 150 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Zillow Group by 4.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after acquiring an additional 156 shares during the last quarter. Signaturefd LLC increased its position in shares of Zillow Group by 10.4% during the fourth quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock worth $117,000 after purchasing an additional 161 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 187 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Zillow Group by 23.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.