Zillow Group (NASDAQ:ZG) Price Target Raised to $55.00 at Susquehanna

Zillow Group (NASDAQ:ZG) had its target price lifted by Susquehanna from $42.00 to $55.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other equities analysts also recently commented on the company. JMP Securities decreased their price target on Zillow Group from $68.00 to $62.00 and set a market outperform rating for the company in a research note on Thursday, May 2nd. Canaccord Genuity Group cut their price objective on Zillow Group from $58.00 to $50.00 and set a hold rating for the company in a research report on Monday, April 29th. Barclays increased their price objective on Zillow Group from $35.00 to $36.00 and gave the company an underweight rating in a research report on Thursday, August 8th. UBS Group increased their target price on Zillow Group from $68.00 to $70.00 and gave the company a buy rating in a report on Thursday, August 8th. Finally, Benchmark upped their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a buy rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $58.93.

Zillow Group Stock Down 0.7 %

Shares of NASDAQ ZG opened at $51.50 on Monday. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of -74.64, a PEG ratio of 23.61 and a beta of 2.05. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $46.68 and its two-hundred day moving average is $47.08.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. During the same period last year, the business earned ($0.05) EPS. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts predict that Zillow Group will post 0.13 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 8,562 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total transaction of $334,346.10. Following the completion of the sale, the chief financial officer now directly owns 123,123 shares in the company, valued at $4,807,953.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Zillow Group news, CFO Jeremy Hofmann sold 8,562 shares of Zillow Group stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $39.05, for a total value of $334,346.10. Following the completion of the sale, the chief financial officer now owns 123,123 shares of the company’s stock, valued at approximately $4,807,953.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total value of $159,061.38. Following the completion of the sale, the insider now directly owns 70,342 shares of the company’s stock, valued at approximately $3,740,787.56. The disclosure for this sale can be found here. Insiders have sold 179,791 shares of company stock valued at $9,036,153 in the last 90 days. 17.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in ZG. GAMMA Investing LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $26,000. Fidelis Capital Partners LLC acquired a new position in Zillow Group in the first quarter valued at $32,000. Quadrant Capital Group LLC increased its holdings in Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after buying an additional 237 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Zillow Group during the 1st quarter valued at about $53,000. Finally, Signaturefd LLC boosted its stake in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.