Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) CTO David A. Beitel sold 3,199 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $52.84, for a total value of $169,035.16. Following the completion of the sale, the chief technology officer now owns 168,194 shares of the company’s stock, valued at approximately $8,887,370.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Zillow Group Stock Up 0.5 %
Shares of NASDAQ:ZG opened at $51.74 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $46.88 and a two-hundred day simple moving average of $47.04. Zillow Group, Inc. has a 12-month low of $33.23 and a 12-month high of $59.23. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of -74.99 and a beta of 2.05.
Zillow Group (NASDAQ:ZG – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. Zillow Group’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts anticipate that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of brokerages recently commented on ZG. JPMorgan Chase & Co. dropped their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of Zillow Group in a research note on Tuesday, June 18th. Benchmark increased 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. Craig Hallum lifted their price objective on Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Susquehanna upped their target price on Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $58.93.
Get Our Latest Analysis on Zillow Group
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.
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