Zillow Group, Inc. (NASDAQ:ZG) Receives $82.45 Average PT from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) have been assigned an average rating of "Hold" from the twenty-three research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.45.

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Piper Sandler upped their price target on shares of Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. DA Davidson reaffirmed a "buy" rating and issued a $85.00 price target on shares of Zillow Group in a research report on Friday, July 18th. Canaccord Genuity Group lowered their price target on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $90.00 price target (down previously from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th.

Insider Activity at Zillow Group

In other news, CEO Jeremy Wacksman sold 10,984 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $757,676.32. Following the sale, the chief executive officer directly owned 171,517 shares of the company's stock, valued at approximately $11,831,242.66. The trade was a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 7,959 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $549,011.82. Following the completion of the sale, the chief financial officer directly owned 97,481 shares in the company, valued at $6,724,239.38. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,093 shares of company stock valued at $6,989,688 over the last ninety days. Corporate insiders own 17.14% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $165,326,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after buying an additional 241,331 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after buying an additional 211,482 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $14,916,000. Finally, Sone Capital Management LLC purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $11,185,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Stock Up 1.0%

ZG stock traded up $0.76 during mid-day trading on Friday, hitting $77.93. The company had a trading volume of 167,324 shares, compared to its average volume of 556,559. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of -229.94, a P/E/G ratio of 13.80 and a beta of 2.09. Zillow Group has a 12-month low of $40.30 and a 12-month high of $86.58. The company has a 50-day moving average price of $69.25 and a 200 day moving average price of $70.18.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts expect that Zillow Group will post 0.32 EPS for the current year.

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.