Zillow Group, Inc. (NASDAQ:ZG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $72.71.

A number of research firms have recently commented on ZG. Royal Bank of Canada lifted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group boosted their target price on shares of Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a report on Monday, October 7th.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 3,187 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. The trade was a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,689 shares of company stock worth $10,395,879. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in ZG. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $29,000. Signaturefd LLC increased its stake in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Zillow Group in the fourth quarter worth $72,000. GAMMA Investing LLC boosted its position in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of Zillow Group in the 3rd quarter valued at $95,000. Institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:ZG opened at $71.40 on Wednesday. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of -125.26 and a beta of 2.09. Zillow Group has a 1 year low of $38.06 and a 1 year high of $83.67. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $72.73 and a 200 day simple moving average of $60.07.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share. As a group, sell-side analysts predict that Zillow Group will post -0.34 earnings per share for the current fiscal year.

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.