Zillow Group (NASDAQ:ZG) Given Buy Rating at Benchmark

Benchmark restated their buy rating on shares of Zillow Group (NASDAQ:ZG) in a report released on Tuesday morning, Benzinga reports. Benchmark currently has a $60.00 price target on the technology company’s stock.

ZG has been the subject of a number of other reports. Bank of America lowered shares of Zillow Group from a buy rating to a neutral rating in a research note on Wednesday, January 10th. DA Davidson reaffirmed a buy rating and issued a $63.00 target price on shares of Zillow Group in a research note on Friday, April 5th. Barclays increased their price objective on shares of Zillow Group from $32.00 to $40.00 and gave the stock an underweight rating in a research note on Wednesday, February 21st. Royal Bank of Canada restated an outperform rating and set a $66.00 price objective on shares of Zillow Group in a research note on Tuesday, March 5th. Finally, Stephens restated an overweight rating and set a $79.00 price objective on shares of Zillow Group in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of Hold and a consensus price target of $58.20.

Zillow Group Stock Performance

ZG stock opened at $42.00 on Tuesday. Zillow Group has a fifty-two week low of $33.23 and a fifty-two week high of $59.23. The stock has a market capitalization of $9.81 billion, a PE ratio of -61.76 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The company has a 50 day moving average price of $48.30 and a 200 day moving average price of $47.65.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. Analysts forecast that Zillow Group will post -0.15 EPS for the current year.

Insider Activity

In other news, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the sale, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the transaction, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 15,206 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the transaction, the insider now directly owns 36,148 shares in the company, valued at $2,037,301.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,289 shares of company stock valued at $9,642,508. 17.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after purchasing an additional 1,730,731 shares during the period. Norges Bank bought a new position in shares of Zillow Group during the fourth quarter worth approximately $102,096,000. Qube Research & Technologies Ltd increased its holdings 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 purchasing an additional 317,683 shares during the period. 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 purchasing an additional 177,265 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of Zillow Group by 1.7% during the first quarter. Raymond James & Associates now owns 180,407 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 2,999 shares during the period. 20.32% of the stock is owned by institutional investors.

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.