Analysts Set Zillow Group, Inc. (NASDAQ:ZG) PT at $72.12

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $72.12.

Several brokerages have recently commented on ZG. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. Royal Bank of Canada raised their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays upped their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. JMP Securities raised their target price on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price target on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The trade was a 78.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,140 shares of company stock valued at $11,955,195 over the last three months. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in Zillow Group in the 3rd quarter worth approximately $29,000. Signaturefd LLC boosted 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 worth $71,000 after buying an additional 360 shares in the last quarter. 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 worth $75,000 after buying an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group during the 3rd quarter valued at $95,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of Zillow Group during the second quarter valued at about $202,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Down 0.4 %

Shares of NASDAQ ZG opened at $78.93 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group has a 1 year low of $38.06 and a 1 year high of $83.67. The company has a 50 day simple moving average of $67.45 and a 200 day simple moving average of $55.85. The firm has a market cap of $18.43 billion, a PE ratio of -138.47 and a beta of 2.08.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same period last year, the company earned ($0.12) earnings per share. The firm’s revenue was up 17.1% compared to the same quarter last year. On average, research analysts forecast that Zillow Group will post -0.34 EPS for the current year.

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.