Zillow Group, Inc. (ZG) – What Are Analysts Saying About This Stock?

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average recommendation of “Hold” by the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $51.19.

ZG has been the topic of a number of recent research reports. DA Davidson reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Zillow Group in a report on Wednesday, August 19th. Benchmark reissued a “buy” rating on shares of Zillow Group in a research report on Monday, August 24th. Finally, Citizens Jmp reduced their price target on Zillow Group from $75.00 to $46.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th.

Zillow Group Trading Down 0.2%

Shares of ZG stock opened at $31.82 on Tuesday. The firm’s 50 day moving average is $32.49 and its 200-day moving average is $35.24. Zillow Group has a 1 year low of $27.25 and a 1 year high of $76.32. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 144.64, a PEG ratio of 1.39 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, equities research analysts forecast that Zillow Group will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeremy Wacksman sold 9,339 shares of Zillow Group stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $34.18, for a total transaction of $319,207.02. Following the completion of the transaction, the chief executive officer directly owned 138,574 shares in the company, valued at approximately $4,736,459.32. The trade was a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Erik Blachford sold 792 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $28,282.32. Following the completion of the transaction, the director owned 34,160 shares in the company, valued at approximately $1,219,853.60. This represents a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 38,539 shares of company stock valued at $1,323,800. Insiders own 29.88% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP increased its position in shares of Zillow Group by 1,290.7% in the second quarter. Engineers Gate Manager LP now owns 95,959 shares of the technology company’s stock worth $3,010,000 after purchasing an additional 89,059 shares during the period. Polianta Ltd bought a new position in Zillow Group in the 1st quarter valued at approximately $1,494,000. Independent Franchise Partners LLP boosted its holdings in shares of Zillow Group by 1.1% during the 4th quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock valued at $138,135,000 after acquiring an additional 21,862 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Zillow Group during the second quarter valued at about $1,614,000. Finally, MFG Wealth Management Inc. acquired a new stake in Zillow Group during the 2nd quarter worth approximately $2,146,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms for consumers, real estate professionals, and other housing industry participants. Its services are designed to help people search for homes, understand property values, connect with agents, and manage transactions throughout the residential real estate process.

The company’s portfolio includes Zillow, Trulia, StreetEasy, HotPads, and ShowingTime+. Zillow provides home listings, estimated property values, rental information, agent connections, mortgage resources, and other housing-related tools.