Zillow Group (NASDAQ:ZG) Stock Price Expected to Rise, JMP Securities Analyst Says

Zillow Group (NASDAQ:ZG) had its price objective upped by equities researchers at JMP Securities from $82.00 to $92.00 in a report released on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price objective indicates a potential upside of 19.73% from the company’s previous close.

ZG has been the subject of several other research reports. Susquehanna raised their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their target price on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. Canaccord Genuity Group upped their target price on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, DA Davidson boosted their price target on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.71.

Zillow Group Trading Down 0.7 %

Shares of NASDAQ:ZG opened at $76.84 on Monday. The stock’s 50-day moving average is $68.74 and its 200-day moving average is $56.94. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a market cap of $17.95 billion, a P/E ratio of -134.81 and a beta of 2.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. Equities research analysts predict that Zillow Group will post -0.34 earnings per share for the current year.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares in the company, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,314 shares of company stock valued at $11,782,498 in the last quarter. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently modified their holdings of ZG. Signaturefd LLC lifted its position in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after buying an additional 421 shares during the period. Creative Planning boosted its position in Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group during the 3rd quarter worth about $29,000. Finally, GAMMA Investing LLC raised its position in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares in the last quarter. Institutional investors 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.