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

Zillow Group, Inc. (NASDAQ:ZG) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $57.14.

ZG has been the topic of a number of research reports. Craig Hallum dropped their target price on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Canaccord Genuity Group decreased their target price on Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. decreased their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Barclays decreased their target price on Zillow Group from $40.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Finally, Citigroup decreased their target price on Zillow Group from $68.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd.

Insiders Place Their Bets

In other Zillow Group news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the transaction, the insider now directly owns 29,665 shares in the company, valued at approximately $1,416,207.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Susan Daimler sold 5,907 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the transaction, the insider now directly owns 29,665 shares in the company, valued at approximately $1,416,207.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 2,640 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total value of $116,608.80. Following the transaction, the chief accounting officer now owns 83,744 shares of the company’s stock, valued at $3,698,972.48. The disclosure for this sale can be found here. Insiders sold 60,041 shares of company stock worth $2,637,477 in the last three months. 17.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Zillow Group during the 4th quarter valued at $26,000. Creative Financial Designs Inc. ADV purchased a new stake in Zillow Group during the 4th quarter valued at $31,000. Fidelis Capital Partners LLC purchased a new stake in Zillow Group during the 1st quarter valued at $32,000. Quadrant Capital Group LLC raised its holdings in Zillow Group by 45.1% during the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after buying an additional 237 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Zillow Group during the 1st quarter valued at $53,000. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Trading Up 5.1 %

NASDAQ:ZG opened at $52.58 on Wednesday. The firm’s fifty day simple moving average is $43.89 and its 200 day simple moving average is $47.88. Zillow Group has a twelve month low of $33.23 and a twelve month high of $59.23. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. Equities analysts predict that Zillow Group will post -0.4 earnings per share for the current fiscal year.

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.