Zillow Group (NASDAQ:Z - Get Free Report) released its earnings results on Wednesday. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.42), Zacks reports. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $509.30 million. During the same quarter last year, the company posted ($0.06) EPS. Zillow Group updated its Q2 2024 guidance to EPS.
Zillow Group Price Performance
Shares of Zillow Group stock traded down $2.05 during trading on Thursday, reaching $39.84. 11,236,929 shares of the company's stock were exchanged, compared to its average volume of 3,928,734. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market cap of $9.30 billion, a P/E ratio of -58.00 and a beta of 1.79. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13. The firm's 50-day moving average price is $49.08 and its 200 day moving average price is $48.91.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Thursday. Jefferies Financial Group lifted their price target on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, March 4th. JPMorgan Chase & Co. dropped their price objective on Zillow Group from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Wedbush reduced their target price on Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $56.20.
Get Our Latest Stock Analysis on Zillow Group
Insider Transactions at Zillow Group
In other Zillow Group news, General Counsel Bradley D. Owens sold 966 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total value of $56,037.66. Following the sale, the general counsel now owns 17,181 shares in the company, valued at $996,669.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Bradley D. Owens sold 966 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now directly owns 17,181 shares of the company's stock, valued at $996,669.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares of the company's stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,289 shares of company stock valued at $9,642,508. 23.76% of the stock is currently owned by insiders.
Zillow Group Company Profile
(
Get Free Report)
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.
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