Zillow Group (NASDAQ:ZG) Given “Overweight” Rating at Piper Sandler

Piper Sandler restated their overweight rating on shares of Zillow Group (NASDAQ:ZG) in a research report report published on Friday morning,Benzinga reports. Piper Sandler currently has a $85.00 target price on the technology company’s stock, down from their previous target price of $94.00.

Several other equities analysts have also recently commented on ZG. Oppenheimer initiated coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Mizuho initiated coverage on shares of Zillow Group in a report on Monday, September 29th. They issued an “outperform” rating and a $100.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Zillow Group in a report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Zillow Group in a report on Monday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Zillow Group in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.42.

Zillow Group Stock Up 4.0%

Zillow Group stock opened at $71.53 on Friday. Zillow Group has a 52 week low of $55.22 and a 52 week high of $90.22. The company’s 50 day moving average price is $76.77 and its two-hundred day moving average price is $72.79. The stock has a market cap of $17.33 billion, a P/E ratio of -275.12, a P/E/G ratio of 23.55 and a beta of 2.11.

Zillow Group (NASDAQ:ZG) last posted its 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 return on equity of 1.26% and a negative net margin of 2.60%.The firm had revenue of $676.00 million for the quarter, compared to the consensus estimate of $670.28 million. During the same period in the prior year, the business earned $0.35 EPS. Zillow Group’s quarterly revenue was up 16.4% compared to the same quarter last year. Zillow Group has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Director Erik C. Blachford sold 966 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total transaction of $79,125.06. Following the sale, the director owned 34,508 shares of the company’s stock, valued at $2,826,550.28. The trade was a 2.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeremy Hofmann sold 25,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $89.99, for a total transaction of $2,249,750.00. Following the sale, the chief financial officer directly owned 84,146 shares in the company, valued at $7,572,298.54. The trade was a 22.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 657,087 shares of company stock worth $56,286,479. Company insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Investments LLC raised its holdings in Zillow Group by 4.4% during the 3rd quarter. PFG Investments LLC now owns 4,743 shares of the technology company’s stock valued at $353,000 after acquiring an additional 200 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Zillow Group during the 3rd quarter valued at $1,443,000. Strs Ohio raised its holdings in Zillow Group by 86.2% during the 3rd quarter. Strs Ohio now owns 26,193 shares of the technology company’s stock valued at $1,950,000 after acquiring an additional 12,128 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Zillow Group during the 3rd quarter valued at $201,000. Finally, Arkadios Wealth Advisors grew its position in shares of Zillow Group by 2.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 13,165 shares of the technology company’s stock valued at $980,000 after purchasing an additional 365 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.