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

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given a consensus recommendation of “Moderate Buy” by the twenty-six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $78.0455.

Several brokerages have commented on ZG. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Zillow Group in a report on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. BNP Paribas Exane initiated coverage on shares of Zillow Group in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $85.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $70.00 price objective (down from $85.00) on shares of Zillow Group in a report on Wednesday, February 11th. Finally, DA Davidson set a $75.00 price objective on Zillow Group in a research report on Thursday, February 12th.

Insider Transactions at Zillow Group

In related news, CEO Jeremy Wacksman sold 13,661 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total value of $604,499.25. Following the sale, the chief executive officer directly owned 116,322 shares of the company’s stock, valued at $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Spaulding sold 5,361 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the transaction, the insider owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. This trade represents a 11.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 60,801 shares of company stock worth $2,683,986. 17.14% of the stock is owned by insiders.

Institutional Trading of Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Smartleaf Asset Management LLC grew its position in shares of Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 187 shares during the period. Arax Advisory Partners lifted its position in Zillow Group by 402.3% during the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after acquiring an additional 354 shares during the period. First Command Advisory Services Inc. purchased a new position in Zillow Group during the 4th quarter valued at about $34,000. Kestra Advisory Services LLC bought a new stake in Zillow Group during the fourth quarter worth about $47,000. Finally, Quarry LP bought a new stake in Zillow Group during the fourth quarter worth about $56,000. Institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Down 2.2%

Shares of Zillow Group stock opened at $45.97 on Monday. The company has a market cap of $11.03 billion, a PE ratio of 510.83, a P/E/G ratio of 2.63 and a beta of 2.05. The business has a 50 day moving average of $57.45 and a 200 day moving average of $68.27. Zillow Group has a 52 week low of $41.90 and a 52 week high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million during the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, research analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.