Zillow Group (NASDAQ:ZG) Price Target Raised to $75.00 at Susquehanna

Zillow Group (NASDAQ:ZG) had its target price raised by investment analysts at Susquehanna from $55.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price target suggests a potential upside of 4.18% from the company’s current price.

Other equities analysts have also issued research reports about the stock. JMP Securities boosted their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Piper Sandler restated an “overweight” rating and set a $73.00 price objective (up previously from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. DA Davidson boosted their price target on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark raised their price objective on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

Zillow Group Stock Down 1.7 %

ZG stock opened at $71.99 on Monday. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of -126.30 and a beta of 2.02. The company has a 50-day moving average of $60.39 and a two-hundred day moving average of $51.04. Zillow Group has a 52-week low of $34.33 and a 52-week high of $73.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 2.12.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million during 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 for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) EPS. As a group, equities research analysts anticipate that Zillow Group will post -0.33 EPS for the current year.

Insiders Place Their Bets

In related news, Director Erik C. Blachford sold 1,413 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $54.87, for a total transaction of $77,531.31. Following the completion of the sale, the director now directly owns 35,403 shares of the company’s stock, valued at $1,942,562.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Erik C. Blachford sold 1,413 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total transaction of $77,531.31. Following the transaction, the director now owns 35,403 shares in the company, valued at $1,942,562.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 3,650 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $54.71, for a total transaction of $199,691.50. Following the completion of the sale, the chief accounting officer now owns 72,836 shares of the company’s stock, valued at $3,984,857.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,237 shares of company stock valued at $2,914,414. 17.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the 3rd quarter valued at about $29,000. EntryPoint Capital LLC acquired a new position in Zillow Group in the first quarter valued at approximately $53,000. GAMMA Investing LLC boosted its stake in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares during the last quarter. Signaturefd LLC grew its holdings in 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 during the period. Finally, Atria Investments Inc bought a new stake in shares of Zillow Group during the 3rd quarter valued at $231,000. Institutional investors and hedge funds 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.