Zillow Group, Inc. (NASDAQ:Z) Receives $57.20 Consensus Target Price from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $57.20.

Several equities analysts have recently commented on Z shares. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wedbush reiterated a “neutral” rating and issued a $50.00 target price on shares of Zillow Group in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday.

Zillow Group Stock Down 0.5 %

Z stock opened at $53.32 on Monday. The stock has a 50-day simple moving average of $50.71 and a two-hundred day simple moving average of $48.16. Zillow Group has a twelve month low of $33.80 and a twelve month high of $61.13. The firm has a market capitalization of $12.34 billion, a PE ratio of -77.28 and a beta of 1.94. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.13. 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 during the quarter, compared to the consensus estimate of $539.74 million. On average, equities analysts predict that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Susan Daimler sold 5,907 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the transaction, the insider now directly owns 29,665 shares in the company, valued at $1,416,207.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total value of $282,000.18. Following the transaction, the insider now directly owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the completion of the sale, the general counsel now directly owns 35,259 shares of the company’s stock, valued at approximately $1,873,310.67. The disclosure for this sale can be found here. Insiders have sold 200,971 shares of company stock worth $10,314,285 in the last 90 days. Insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of the company. Legacy Capital Group California Inc. grew its position in shares of Zillow Group by 3.1% during the 4th quarter. Legacy Capital Group California Inc. now owns 8,794 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 264 shares during the period. Level Four Advisory Services LLC grew its holdings in Zillow Group by 0.9% during the fourth quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock valued at $1,913,000 after purchasing an additional 282 shares during the period. Flynn Zito Capital Management LLC increased its position in Zillow Group by 7.2% in the second quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock worth $223,000 after buying an additional 325 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Zillow Group by 0.5% in the first quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock worth $4,221,000 after buying an additional 403 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Zillow Group during the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 71.01% 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.