Zillow Group (NASDAQ:ZG) Given “Market Outperform” Rating at JMP Securities

Zillow Group (NASDAQ:ZG)‘s stock had its “market outperform” rating reiterated by investment analysts at JMP Securities in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $62.00 target price on the technology company’s stock. JMP Securities’ price objective would indicate a potential upside of 5.86% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Benchmark increased their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Susquehanna upped their target price on shares of Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, August 12th. DA Davidson upped their target price on shares of Zillow Group from $52.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a report on Monday. Finally, Craig Hallum upped their target price on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $60.94.

Zillow Group Stock Down 2.9 %

ZG traded down $1.78 during trading hours on Wednesday, hitting $58.57. 178,631 shares of the company’s stock were exchanged, compared to its average volume of 634,767. Zillow Group has a 12-month low of $33.23 and a 12-month high of $66.75. The firm has a 50 day moving average of $54.99 and a 200 day moving average of $48.19. The firm has a market cap of $13.56 billion, a P/E ratio of -85.16 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same period in the prior year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts predict that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now owns 2,826 shares in the company, valued at approximately $172,696.86. 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 three months, insiders sold 221,999 shares of company stock worth $11,780,363. 17.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of Zillow Group by 47.8% in the 4th quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company’s stock valued at $4,441,000 after purchasing an additional 25,333 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of 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 buying an additional 12,116 shares in the last quarter. US Bancorp DE grew its position in shares of Zillow Group by 42.6% during the first 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Zillow Group during the first quarter worth approximately $1,597,000. Finally, Russell Investments Group Ltd. grew its position in shares of Zillow Group by 148.6% during the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after buying an additional 19,087 shares in the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

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.