Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Rating of "Moderate Buy" by Analysts

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $81.80.

A number of research firms have commented on ZG. Stephens reaffirmed an "overweight" rating and set a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their price target on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company assumed coverage on shares of Zillow Group in a research note on Monday, April 28th. They issued a "mixed" rating and a $62.00 price objective for the company. Susquehanna boosted their target price on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald increased their target price on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th.

Insider Buying and Selling

In other Zillow Group news, CEO Jeremy Wacksman sold 10,984 shares of the business's stock in a transaction 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 now owns 171,517 shares of the company's stock, valued at $11,831,242.66. The trade was a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,997 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,741 shares of company stock valued at $7,114,134. 17.14% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Blue Trust Inc. lifted its stake in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares during the period. Asset Dedication LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $47,000. Hartline Investment Corp lifted its position in shares of Zillow Group by 16.2% during the 4th quarter. Hartline Investment Corp now owns 72,691 shares of the technology company's stock worth $5,150,000 after buying an additional 10,154 shares during the period. MFG Wealth Management Inc. acquired a new stake in Zillow Group in the 4th quarter valued at $2,119,000. Finally, Vontobel Holding Ltd. grew its position in Zillow Group by 4.9% in the fourth quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock valued at $1,219,000 after acquiring an additional 801 shares during the period. Institutional investors own 20.32% of the company's stock.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded up $1.15 during trading on Friday, hitting $69.15. The company had a trading volume of 328,400 shares, compared to its average volume of 562,537. Zillow Group has a 52 week low of $40.30 and a 52 week high of $86.58. The business's 50-day moving average is $65.20 and its 200 day moving average is $71.58. The company has a market cap of $16.70 billion, a P/E ratio of -147.13, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The company had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period last year, the firm earned $0.36 earnings per share. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. On average, research 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.