Zillow Group (NASDAQ:ZG) Price Target Cut to $35.00 by Analysts at Barclays

Zillow Group (NASDAQ:ZG) had its price target cut by Barclays from $40.00 to $35.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other equities research analysts also recently commented on the company. 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 report on Monday, April 29th. Craig Hallum decreased their price objective on shares of Zillow Group from $65.00 to $51.00 and set a buy rating for the company in a research note on Thursday. Benchmark reiterated a buy rating and issued a $60.00 price objective on shares of Zillow Group in a research note on Tuesday, April 30th. Piper Sandler boosted their target price on shares of Zillow Group from $70.00 to $72.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Finally, Susquehanna increased their price target on Zillow Group from $36.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $57.40.

Zillow Group Trading Up 2.2 %

NASDAQ ZG opened at $40.07 on Thursday. Zillow Group has a 12-month low of $33.23 and a 12-month high of $59.23. The company has a fifty day simple moving average of $47.44 and a two-hundred day simple moving average of $47.65. The company has a current ratio of 3.32, a quick ratio of 3.24 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.36 billion, a P/E ratio of -58.07 and a beta of 1.87.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. On average, analysts forecast that Zillow Group will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. In other news, insider Dan Spaulding sold 3,086 shares of Zillow Group 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 owns 48,294 shares in the company, valued at $2,801,052. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,289 shares of company stock worth $9,642,508. 17.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Zillow Group during the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV acquired a new stake in Zillow Group in the 4th quarter valued at about $31,000. Fidelis Capital Partners LLC purchased a new position in Zillow Group in the 1st quarter worth approximately $32,000. Quadrant Capital Group LLC boosted its holdings in shares of Zillow Group by 45.1% during the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after purchasing an additional 237 shares during the last quarter. Finally, CWM LLC grew its position in shares of Zillow Group by 100.0% in the third quarter. CWM LLC now owns 1,222 shares of the technology company’s stock valued at $55,000 after purchasing an additional 611 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.