Zillow Group (NASDAQ:ZG) Given “Neutral” Rating at Cantor Fitzgerald

Zillow Group (NASDAQ:ZG)‘s stock had its “neutral” rating reiterated by investment analysts at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They currently have a $47.00 target price on the technology company’s stock. Cantor Fitzgerald’s price objective suggests a potential downside of 24.22% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Citigroup lifted their price target on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Craig Hallum boosted their price target on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Barclays raised their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. Finally, Benchmark lifted their target price 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and an average price target of $60.94.

Zillow Group Price Performance

ZG traded down $1.46 on Monday, hitting $62.02. 182,807 shares of the company’s stock were exchanged, compared to its average volume of 641,767. The firm has a 50-day moving average price of $53.17 and a 200-day moving average price of $47.57. The stock has a market cap of $14.35 billion, a price-to-earnings ratio of -90.22 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 fifty-two week low of $33.23 and a fifty-two week high of $66.75.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. During the same period in the previous year, the business posted ($0.05) earnings per share. Zillow Group’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were 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 owns 35,259 shares in the company, valued at approximately $1,873,310.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zillow Group news, Director Erik C. Blachford sold 1,413 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total transaction of $77,531.31. Following the completion of the transaction, the director now owns 35,403 shares in the company, valued at approximately $1,942,562.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Bradley D. Owens sold 752 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares in the company, valued at $1,873,310.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,999 shares of company stock worth $11,780,363. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of the business. Treasurer of the State of North Carolina grew its position in Zillow Group by 0.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,511 shares of the technology company’s stock worth $1,390,000 after buying an additional 230 shares during the period. Signaturefd LLC raised 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 buying an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Zillow Group by 9.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after buying an additional 421 shares in the last quarter. Wedmont Private Capital increased its holdings in Zillow Group by 4.2% during the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after acquiring an additional 504 shares in the last quarter. Finally, Garde Capital Inc. raised its position in Zillow Group by 1.0% during the first quarter. Garde Capital Inc. now owns 60,072 shares of the technology company’s stock worth $2,875,000 after acquiring an additional 600 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.