Zillow Group's (ZG) Buy Rating Reaffirmed at DA Davidson

DA Davidson reissued their buy rating on shares of Zillow Group (NASDAQ:ZG - Free Report) in a report issued on Friday, Benzinga reports. The brokerage currently has a $63.00 price objective on the technology company's stock.

Several other research analysts have also recently commented on ZG. Bank of America cut Zillow Group from a buy rating to a neutral rating in a research report on Wednesday, January 10th. Piper Sandler increased their price target on Zillow Group from $70.00 to $72.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Stephens reissued an overweight rating and set a $79.00 price target on shares of Zillow Group in a research report on Wednesday, February 14th. Susquehanna raised their price objective on Zillow Group from $36.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Finally, Barclays raised their price objective on Zillow Group from $32.00 to $40.00 and gave the company an underweight rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $58.79.

Zillow Group Trading Up 0.9 %

Shares of ZG traded up $0.40 during trading hours on Friday, hitting $46.23. 849,240 shares of the stock traded hands, compared to its average volume of 720,479. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. Zillow Group has a 1-year low of $33.23 and a 1-year high of $59.23. The firm has a market capitalization of $10.79 billion, a PE ratio of -66.70 and a beta of 1.83. The business has a fifty day moving average of $52.17 and a 200-day moving average of $47.68.

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

Insider Activity

In other news, CAO Jennifer Rock sold 7,352 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now directly owns 56,384 shares of the company's stock, valued at approximately $3,230,239.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan Daimler sold 15,206 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $56.36, for a total value of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares of the company's stock, valued at approximately $2,037,301.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Rock sold 7,352 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total value of $421,196.08. Following the sale, the chief accounting officer now directly owns 56,384 shares of the company's stock, valued at $3,230,239.36. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 in the last ninety days. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of ZG. GAMMA Investing LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV bought a new position in Zillow Group in the fourth quarter valued at $31,000. Quadrant Capital Group LLC increased its stake in Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company's stock valued at $43,000 after acquiring an additional 237 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Zillow Group by 69.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company's stock valued at $53,000 after acquiring an additional 441 shares during the last quarter. Finally, CWM LLC increased its stake in Zillow Group by 100.0% in the third quarter. CWM LLC now owns 1,222 shares of the technology company's stock valued at $55,000 after acquiring an additional 611 shares during the last quarter. 20.32% of the stock is owned by 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.