Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the sale, the chairman now directly owns 582 shares of the company’s stock, valued at approximately $29,583.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Zillow Group Trading Up 4.7 %
Zillow Group stock opened at $49.96 on Monday. The business has a 50 day moving average price of $45.91 and a two-hundred day moving average price of $47.07. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of -72.41 and a beta of 2.05.
Zillow Group (NASDAQ:ZG – Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. During the same period in the prior year, the company posted ($0.05) earnings per share. Zillow Group’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current year.
Institutional Trading of Zillow Group
Analyst Ratings Changes
ZG has been the topic of a number of recent analyst reports. Barclays raised their price objective on Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday. JMP Securities dropped their price target on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Zillow Group in a report on Monday, August 5th. Evercore ISI lifted their target price on shares of Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup boosted their target price on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.27.
Check Out Our Latest Analysis on Zillow Group
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.
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