Zillow Group (NASDAQ:Z) Reaches New 12-Month Low – Should You Sell?

Shares of Zillow Group, Inc. (NASDAQ:Z) reached a new 52-week low on Wednesday . The stock traded as low as $37.86 and last traded at $39.0870, with a volume of 450088 shares traded. The stock had previously closed at $39.63.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on Z shares. Keefe, Bruyette & Woods decreased their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Zacks Research upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $79.75.

Zillow Group Stock Down 2.0%

The company has a 50 day simple moving average of $43.40 and a 200 day simple moving average of $57.96. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 155.48, a P/E/G ratio of 1.89 and a beta of 2.07.

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, beating analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. As a group, analysts predict that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In related news, CTO David A. Beitel sold 3,966 shares of Zillow Group stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total value of $175,376.52. Following the transaction, the chief technology officer directly owned 136,690 shares of the company’s stock, valued at $6,044,431.80. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of Zillow Group stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the transaction, the chief executive officer directly owned 116,322 shares in the company, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,801 shares of company stock valued at $2,683,986 over the last ninety days. Insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in Zillow Group during the third quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in Zillow Group during the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the 3rd quarter worth approximately $29,000. Cullen Frost Bankers Inc. raised its stake in Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after buying an additional 163 shares during the period. Finally, Pittenger & Anderson Inc. raised its stake in Zillow Group by 32.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Company Profile

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.