Brokerages Set Zillow Group, Inc. (NASDAQ:ZG) Price Target at $57.40

Zillow Group, Inc. (NASDAQ:ZGGet Free Report) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.67.

A number of equities analysts have commented on ZG shares. Craig Hallum reduced their price objective on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of Zillow Group in a report on Tuesday. JMP Securities decreased 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 note on Thursday, May 2nd. Citigroup cut their price objective on shares of Zillow Group from $68.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd.

View Our Latest Analysis on Zillow Group

Insiders Place Their Bets

In related news, insider Susan Daimler sold 5,786 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $44.22, for a total value of $255,856.92. Following the completion of the transaction, the insider now owns 35,572 shares of the company’s stock, valued at $1,572,993.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Susan Daimler sold 5,786 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total transaction of $255,856.92. Following the completion of the sale, the insider now owns 35,572 shares of the company’s stock, valued at approximately $1,572,993.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The disclosure for this sale can be found here. Insiders have sold a total of 64,260 shares of company stock worth $2,846,739 in the last 90 days. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Zillow Group during the 4th quarter valued at approximately $102,096,000. Vanguard Group Inc. boosted its position 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 buying an additional 1,730,731 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Zillow Group by 50.5% during the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock worth $42,397,000 after buying an additional 317,683 shares during the last quarter. UBS Group AG increased its holdings in shares of 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, Assenagon Asset Management S.A. lifted its stake in shares of Zillow Group by 244.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company’s stock valued at $8,226,000 after acquiring an additional 121,942 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Trading Up 4.4 %

Shares of NASDAQ:ZG opened at $47.55 on Friday. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market capitalization of $11.23 billion, a P/E ratio of -68.91 and a beta of 2.02. The company has a 50-day simple moving average of $42.30 and a 200 day simple moving average of $48.66.

Zillow Group (NASDAQ:ZGGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. Sell-side analysts forecast that Zillow Group will post -0.4 earnings per share for the current year.

Zillow Group Company Profile

(Get Free Report

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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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