Zillow Group (NASDAQ:ZG) PT Lowered to $50.00

Zillow Group (NASDAQ:ZG - Free Report) had its price objective trimmed by Canaccord Genuity Group from $58.00 to $50.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a hold rating on the technology company's stock.

Several other equities analysts have also commented on the stock. Piper Sandler upped their price target on shares of Zillow Group from $70.00 to $72.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. Bank of America downgraded Zillow Group from a buy rating to a neutral rating in a research note on Wednesday, January 10th. Barclays boosted their price target on Zillow Group from $32.00 to $40.00 and gave the stock an underweight rating in a research note on Wednesday, February 21st. JMP Securities restated a market outperform rating and set a $68.00 price objective on shares of Zillow Group in a research note on Friday, April 12th. Finally, Benchmark upped their target price on Zillow Group from $57.00 to $60.00 and gave the company a buy rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Zillow Group has an average rating of Hold and an average price target of $58.20.

Zillow Group Trading Down 0.0 %

Shares of Zillow Group stock traded down $0.02 during mid-day trading on Monday, hitting $43.11. 455,544 shares of the stock were exchanged, compared to its average volume of 679,956. The company has a 50-day simple moving average of $48.30 and a 200 day simple moving average of $47.65. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of -63.40 and a beta of 1.83. Zillow Group has a twelve month low of $33.23 and a twelve month high of $59.23.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The firm had revenue of $474.00 million during the quarter, compared to analysts' expectations of $450.75 million. Research analysts forecast that Zillow Group will post -0.15 EPS for the current year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction dated 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 owns 168,863 shares in the company, valued at approximately $8,375,604.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Errol G. Samuelson sold 4,219 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the sale, the insider now owns 168,863 shares of the company's stock, valued at $8,375,604.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares of the company's stock, valued at $320,411.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,289 shares of company stock valued at $9,642,508. 17.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. CWM LLC grew its position in Zillow Group by 100.0% in the third quarter. CWM LLC now owns 1,222 shares of the technology company's stock worth $55,000 after buying an additional 611 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Zillow Group by 33.1% during the third quarter. Commonwealth Equity Services LLC now owns 9,003 shares of the technology company's stock valued at $403,000 after purchasing an additional 2,237 shares during the last quarter. Silvant Capital Management LLC boosted its position in shares of Zillow Group by 35.9% in the 3rd quarter. Silvant Capital Management LLC now owns 42,836 shares of the technology company's stock valued at $1,919,000 after purchasing an additional 11,327 shares during the period. AtonRa Partners purchased a new position in Zillow Group in the 3rd quarter worth about $206,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Zillow Group by 215.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,252 shares of the technology company's stock worth $414,000 after buying an additional 6,320 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

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.