Zillow Group, Inc. (NASDAQ:ZG) Stock Has Consensus Price Target of $48.14

Zillow Group, Inc. (NASDAQ:ZG) has been assigned an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.67.

ZG has been the topic of a number of research analyst reports. UBS Group decreased their price target on Zillow Group from $48.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Evercore reissued a “reduce” rating and issued a $35.00 price objective on shares of Zillow Group in a research note on Thursday. Royal Bank Of Canada decreased their target price on Zillow Group from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, November 3rd. Citigroup lowered their target price on Zillow Group from $52.00 to $42.00 and set a “buy” rating for the company in a research note on Monday. Finally, Citizens Jmp lowered their target price on Zillow Group from $46.00 to $40.00 and set a “market outperform” rating for the company in a research note on Thursday, November 5th.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $31.28 on Friday. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of -60.15, a P/E/G ratio of 1.47 and a beta of 1.95. Zillow Group has a 52-week low of $27.25 and a 52-week high of $74.80. The stock has a 50-day simple moving average of $31.50 and a 200-day simple moving average of $38.34.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, November 4th. The technology company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $753.66 million. Zillow Group had a positive return on equity of 3.18% and a negative net margin of 3.95%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. As a group, equities research analysts predict that Zillow Group will post 0.91 earnings per share for the current year.

Insider Activity

In related news, Director Claire Thielke sold 1,187 shares of Zillow Group stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $42,387.77. Following the transaction, the director owned 2,375 shares of the company’s stock, valued at $84,811.25. This trade represents a 33.32% decrease in their position. The transaction was disclosed in a legal 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, insider Dan Spaulding sold 3,169 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $35.37, for a total transaction of $112,087.53. Following the completion of the sale, the insider directly owned 44,561 shares of the company’s stock, valued at $1,576,122.57. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 37,352 shares of company stock worth $1,284,523. Corporate insiders own 29.88% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds have recently added to or reduced their stakes in ZG. Technology Crossover Management XI Ltd. bought a new position in shares of Zillow Group during the 2nd quarter valued at about $73,694,895. Kahn Brothers Group Inc. bought a new stake in Zillow Group during the 2nd quarter worth approximately $37,265,000. Dimensional Fund Advisors LP increased its stake in Zillow Group by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 554,460 shares of the technology company’s stock worth $22,947,000 after purchasing an additional 85,367 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Zillow Group by 724.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 406,398 shares of the technology company’s stock worth $11,257,000 after buying an additional 357,104 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Zillow Group by 106.6% during the 1st quarter. Quantinno Capital Management LP now owns 176,052 shares of the technology company’s stock worth $7,287,000 after buying an additional 90,858 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates a digital real estate marketplace focused primarily on the United States. Its websites and mobile apps help consumers find homes for sale and rent, explore neighborhood information, and research home values.

The company’s brands include Zillow, Trulia, StreetEasy and HotPads. Zillow Group also provides services for real estate professionals, including advertising and customer-management tools, and offers mortgage services through Zillow Home Loans.

Zillow launched in 2006, founded by Rich Barton and Lloyd Frink, and grew into a parent company with multiple real estate brands and services.