Zillow Group (NASDAQ:ZG) Earns Market Outperform Rating from JMP Securities

Zillow Group (NASDAQ:ZG - Get Free Report)'s stock had its "market outperform" rating restated by JMP Securities in a research note issued to investors on Friday, Benzinga reports. They currently have a $68.00 price target on the technology company's stock. JMP Securities' price objective would suggest a potential upside of 55.57% from the company's previous close.

A number of other analysts have also recently weighed in on the company. Susquehanna raised their price objective on Zillow Group from $36.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Benchmark raised their price objective on Zillow Group from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Stephens reaffirmed an "overweight" rating and set a $79.00 price target on shares of Zillow Group in a research report on Wednesday, February 14th. Barclays lifted their price target on Zillow Group from $32.00 to $40.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 21st. Finally, Bank of America cut Zillow Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.79.

Zillow Group Stock Down 1.6 %

NASDAQ ZG traded down $0.70 during midday trading on Friday, hitting $43.71. 314,898 shares of the company traded hands, compared to its average volume of 705,171. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market cap of $10.20 billion, a PE ratio of -64.28 and a beta of 1.83. Zillow Group has a 52 week low of $33.23 and a 52 week high of $59.23. The company's 50-day simple moving average is $50.92 and its 200-day simple moving average is $47.68.

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

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 of the company's stock, valued at $996,669.81. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 in the last 90 days. Corporate insiders own 17.14% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Polianta Ltd acquired a new position in Zillow Group in the first quarter valued at approximately $1,134,000. Vanguard Group Inc. lifted its holdings in Zillow Group by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company's stock valued at $456,861,000 after acquiring an additional 1,730,731 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Zillow Group by 2.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,975 shares of the technology company's stock valued at $1,757,000 after acquiring an additional 660 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Zillow Group by 47.8% in the fourth quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company's stock valued at $4,441,000 after acquiring an additional 25,333 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Zillow Group by 3.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 23,470 shares of the technology company's stock valued at $1,331,000 after acquiring an additional 678 shares during the last quarter. 20.32% of the stock is currently 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.