Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) General Counsel Bradley D. Owens sold 2,308 shares of Zillow Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.06, for a total value of $122,462.48. Following the sale, the general counsel now directly owns 32,951 shares in the company, valued at $1,748,380.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Zillow Group Stock Up 0.5 %
Shares of NASDAQ:ZG opened at $51.74 on Friday. The company has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $47.08. The company has a market capitalization of $12.22 billion, a PE ratio of -74.99 and a beta of 2.05. Zillow Group, Inc. 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 0.11, a quick ratio of 2.12 and a current ratio of 2.12.
Zillow Group (NASDAQ:ZG – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Analysts forecast that Zillow Group, Inc. will post -0.42 earnings per share for the current year.
Institutional Investors Weigh In On Zillow Group
Wall Street Analyst Weigh In
ZG has been the subject of several analyst reports. Citigroup raised their target price on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Zillow Group in a research report on Monday, August 5th. Barclays upped their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. UBS Group boosted their target price on Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. 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 report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.93.
View 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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