Zillow Group (ZG) Set to Announce Earnings on Wednesday

Zillow Group (NASDAQ:ZG) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Zillow Group Stock Performance

Shares of ZG opened at $41.61 on Tuesday. The firm’s 50 day moving average is $45.46 and its 200-day moving average is $47.31. The stock has a market capitalization of $9.83 billion, a P/E ratio of -60.30 and a beta of 2.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Zillow Group has a 12-month low of $33.23 and a 12-month high of $59.23.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZG shares. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Zillow Group in a research report on Tuesday, April 30th. Barclays reduced their target price on shares of Zillow Group from $40.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. DA Davidson reiterated a “buy” rating and issued a $52.00 target price on shares of Zillow Group in a research note on Tuesday, June 18th. Canaccord Genuity Group reduced their target price on shares of Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Finally, Craig Hallum reduced their target price on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.69.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 8,562 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total value of $334,346.10. Following the sale, the chief financial officer now owns 123,123 shares of the company’s stock, valued at approximately $4,807,953.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Zillow Group news, CFO Jeremy Hofmann sold 8,562 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total value of $334,346.10. Following the sale, the chief financial officer now owns 123,123 shares of the company’s stock, valued at approximately $4,807,953.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the sale, the insider now directly owns 29,665 shares in the company, valued at approximately $1,416,207.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,041 shares of company stock valued at $2,637,477. 17.14% of the stock is owned by company insiders.

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.