Zillow Group (NASDAQ:ZG) Stock Rating Reaffirmed by Cantor Fitzgerald

Zillow Group (NASDAQ:ZG)‘s stock had its “neutral” rating restated by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They currently have a $47.00 price objective on the technology company’s stock. Cantor Fitzgerald’s target price points to a potential downside of 27.22% from the company’s current price.

ZG has been the topic of a number of other reports. Susquehanna boosted their target price on shares of Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Citigroup boosted their price objective on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Barclays raised their target price on Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. UBS Group upped their price target on Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.82.

Zillow Group Price Performance

ZG traded down $0.47 during trading on Monday, hitting $64.58. 87,260 shares of the stock traded hands, compared to its average volume of 647,077. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group has a twelve month low of $33.23 and a twelve month high of $66.75. The company has a market cap of $15.25 billion, a price-to-earnings ratio of -93.59 and a beta of 2.00. The business has a 50 day moving average price of $51.82 and a 200 day moving average price of $47.25.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) 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 business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. During the same period in the prior year, the company earned ($0.05) EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the sale, the chief accounting officer now directly owns 79,694 shares in the company, valued at approximately $3,923,335.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares in the company, valued at $29,583.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock valued at $11,780,363 over the last ninety days. 17.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of ZG. Quadrant Capital Group LLC increased its position in Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after buying an additional 237 shares during the last quarter. UBS Group AG boosted its position in Zillow Group by 73.0% during the fourth quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock worth $23,832,000 after purchasing an additional 177,265 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Zillow Group by 0.9% in 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 purchasing an additional 230 shares in the last quarter. Shannon River Fund Management LLC bought a new stake in shares of Zillow Group in the fourth quarter valued at approximately $4,384,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Zillow Group during the 4th quarter valued at approximately $990,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

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.