Zillow Group (NASDAQ:ZG) Given New $75.00 Price Target at Evercore ISI

Zillow Group (NASDAQ:ZG) had its price target upped by Evercore ISI from $55.00 to $75.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other research firms have also weighed in on ZG. Susquehanna lifted their price objective on Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. JMP Securities restated a “market outperform” rating and set a $62.00 price target on shares of Zillow Group in a report on Wednesday, October 9th. DA Davidson lifted their price objective on shares of Zillow Group from $52.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Piper Sandler reissued an “overweight” rating and set a $73.00 target price (up from $62.00) on shares of Zillow Group in a research note on Thursday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $66.06.

Zillow Group Trading Up 1.7 %

Shares of NASDAQ ZG opened at $71.26 on Thursday. The stock has a market cap of $16.49 billion, a P/E ratio of -125.02 and a beta of 2.02. Zillow Group has a 52-week low of $34.33 and a 52-week high of $72.03. The firm has a 50 day moving average price of $59.60 and a two-hundred day moving average price of $50.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:ZG) last released its quarterly 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 6.17% and a negative return on equity of 2.34%. The firm had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. During the same quarter last year, the business earned ($0.05) EPS. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Zillow Group will post -0.33 EPS for the current year.

Insider Buying and Selling

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 4,729 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $52.85, for a total transaction of $249,927.65. Following the completion of the transaction, the chief financial officer now directly owns 118,394 shares in the company, valued at $6,257,122.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,596 shares of company stock worth $3,938,581. 17.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of the company. Edgestream Partners L.P. boosted its position in Zillow Group by 140.6% during the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock worth $992,000 after purchasing an additional 12,116 shares during the period. US Bancorp DE boosted its holdings in Zillow Group by 42.6% in the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock worth $11,775,000 after buying an additional 73,504 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Zillow Group in the 1st quarter valued at approximately $1,597,000. Russell Investments Group Ltd. raised its holdings in Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after acquiring an additional 19,087 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after acquiring an additional 9,828 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.