Zillow Group (NASDAQ:ZG) Earns “Neutral” Rating from Cantor Fitzgerald

Zillow Group (NASDAQ:ZG)‘s stock had its “neutral” rating restated by stock analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They presently have a $47.00 price target on the technology company’s stock. Cantor Fitzgerald’s price objective points to a potential downside of 25.05% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Citigroup lifted their price objective on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark boosted their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Craig Hallum raised 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. Barclays lifted their target price on Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Finally, DA Davidson increased their price target on shares of Zillow Group from $52.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.94.

Zillow Group Price Performance

ZG opened at $62.71 on Monday. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of -90.88 and a beta of 2.00. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a 12-month low of $33.23 and a 12-month high of $66.75. The business’s fifty day simple moving average is $53.66 and its 200-day simple moving average is $47.75.

Zillow Group (NASDAQ:ZG) last issued its 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 net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $538.36 million. During the same period in the prior year, the business earned ($0.05) EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,999 shares of company stock worth $11,780,363. 17.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group during the 1st quarter worth approximately $32,000. EntryPoint Capital LLC acquired a new position in shares of Zillow Group in the first quarter worth about $53,000. Signaturefd LLC boosted its stake in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Zillow Group during the 1st quarter worth about $84,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Zillow Group during the 1st quarter valued at about $118,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

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.