Zillow Group (NASDAQ:ZG) Price Target Raised to $80.00 at DA Davidson

Zillow Group (NASDAQ:ZG) had its target price upped by DA Davidson from $75.00 to $80.00 in a research note released on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

ZG has been the subject of a number of other research reports. Evercore ISI lifted their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Barclays boosted their target price on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Royal Bank of Canada raised their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Craig Hallum upped their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Zillow Group Trading Up 0.2 %

NASDAQ ZG opened at $68.38 on Wednesday. Zillow Group has a 12 month low of $38.06 and a 12 month 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 stock has a 50 day moving average of $73.70 and a 200-day moving average of $60.51. The company has a market cap of $15.97 billion, a PE ratio of -119.96 and a beta of 2.09.

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

Insider Activity

In related news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. Corporate insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Several large investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group in the 3rd quarter valued at $29,000. Versant Capital Management Inc acquired a new position in Zillow Group in the 4th quarter worth about $72,000. GAMMA Investing LLC raised its position 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 purchasing an additional 561 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group during the third quarter valued at about $95,000. Finally, Walleye Capital LLC bought a new stake in shares of Zillow Group during the third quarter worth about $212,000. 20.32% of the stock is owned by institutional investors and hedge funds.

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.