Zillow Group, Inc. (NASDAQ:ZG) Receives $85.52 Consensus PT from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned an average rating of “Hold” from the thirty ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $85.0833.

Several brokerages recently commented on ZG. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 target price (down from $94.00) on shares of Zillow Group in a research report on Friday, October 31st. DA Davidson reaffirmed a “buy” rating and set a $95.00 price objective on shares of Zillow Group in a report on Thursday, October 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Zillow Group in a research report on Monday, December 15th. JPMorgan Chase & Co. increased their price target on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Citigroup restated a “market outperform” rating on shares of Zillow Group in a research note on Monday.

Zillow Group Stock Up 1.0%

ZG stock opened at $67.80 on Friday. Zillow Group has a twelve month low of $56.63 and a twelve month high of $90.22. The company has a market cap of $16.41 billion, a PE ratio of -484.25, a price-to-earnings-growth ratio of 3.72 and a beta of 2.03. The business’s 50-day simple moving average is $69.40 and its 200 day simple moving average is $73.97.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. During the same period last year, the company earned $0.35 EPS. The company’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,865 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.53, for a total value of $546,853.45. Following the sale, the chief financial officer owned 70,811 shares in the company, valued at approximately $4,923,488.83. The trade was a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 5,455 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.40, for a total transaction of $378,577.00. Following the completion of the sale, the insider directly owned 50,342 shares in the company, valued at approximately $3,493,734.80. The trade was a 9.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,511 shares of company stock worth $4,766,357 over the last three months. 17.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 187 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Zillow Group by 23.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after acquiring an additional 194 shares in the last quarter. Group One Trading LLC grew its position in Zillow Group by 884.7% during the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after acquiring an additional 1,327 shares during the last quarter. Lavaca Capital LLC increased its holdings in Zillow Group by 67.0% during the 2nd quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock valued at $114,000 after purchasing an additional 670 shares in the last quarter. Finally, Assetmark Inc. raised its position in Zillow Group by 207.0% in the 2nd quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,335 shares during the last quarter. 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.