Zillow Group (NASDAQ:ZG) Given New $51.00 Price Target at Craig Hallum

Zillow Group (NASDAQ:ZG) had its price target decreased by equities research analysts at Craig Hallum from $65.00 to $51.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Craig Hallum’s target price would suggest a potential upside of 27.28% from the company’s previous close.

Several other equities analysts have also commented on ZG. Stephens restated an “overweight” rating and set a $79.00 price target on shares of Zillow Group in a research note on Wednesday, February 14th. Royal Bank of Canada reduced their price target on shares of Zillow Group from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. DA Davidson reiterated a “buy” rating and set a $63.00 price objective on shares of Zillow Group in a research note on Friday, April 5th. JMP Securities restated a “market outperform” rating and set a $68.00 target price on shares of Zillow Group in a report on Friday, April 12th. Finally, Canaccord Genuity Group cut their price target on Zillow Group from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.25.

Zillow Group Stock Up 2.2 %

Shares of ZG opened at $40.07 on Thursday. The company has a quick ratio of 3.24, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $47.44 and a 200 day moving average of $47.55. The company has a market cap of $9.36 billion, a PE ratio of -58.07 and a beta of 1.87. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The firm had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. On average, sell-side analysts expect that Zillow Group will post -0.18 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the sale, the insider now owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the sale, the insider now directly owns 48,294 shares in the company, valued at approximately $2,801,052. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,289 shares of company stock worth $9,642,508. 17.14% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Zillow Group by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after acquiring an additional 1,730,731 shares during the period. Norges Bank purchased a new position in shares of Zillow Group during the 4th quarter valued at approximately $102,096,000. Qube Research & Technologies Ltd lifted its stake in shares of Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares during the period. UBS Group AG boosted its holdings in Zillow Group by 73.0% during the fourth quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock worth $23,832,000 after buying an additional 177,265 shares in the last quarter. Finally, Raymond James & Associates grew its position in Zillow Group by 1.7% during the first quarter. Raymond James & Associates now owns 180,407 shares of the technology company’s stock valued at $8,634,000 after buying an additional 2,999 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

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.