Zillow Group, Inc. (NASDAQ:ZG) Receives Average Rating of “Moderate Buy” from Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $67.17.

Several research firms have recently commented on ZG. Craig Hallum boosted their target price on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a report on Monday, October 7th. UBS Group upped their price target on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JMP Securities upped their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

Insider Activity at Zillow Group

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now owns 2,826 shares in the company, valued at $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,596 shares of company stock worth $3,938,581. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Edgestream Partners L.P. lifted its stake in Zillow Group by 140.6% in the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock worth $992,000 after purchasing an additional 12,116 shares during the last quarter. US Bancorp DE grew its position in Zillow Group by 42.6% during the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock worth $11,775,000 after acquiring an additional 73,504 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Zillow Group in the 1st quarter worth approximately $1,597,000. Russell Investments Group Ltd. lifted its position in Zillow Group by 148.6% in the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after purchasing an additional 19,087 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock valued at $2,233,000 after purchasing an additional 9,828 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of ZG opened at $73.20 on Tuesday. The stock has a 50-day moving average of $60.00 and a 200-day moving average of $50.83. Zillow Group has a one year low of $34.33 and a one year high of $73.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 2.12. The company has a market cap of $16.94 billion, a PE ratio of -128.42 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business earned ($0.12) EPS. On average, equities research analysts predict that Zillow Group will post -0.33 EPS for the current fiscal year.

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.