Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-two analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $81.80.

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group cut their target price on Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Citigroup dropped their price target on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. William Blair initiated coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research report on Friday, March 28th. Finally, Benchmark decreased their price target on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

Zillow Group Price Performance

ZG stock traded up $0.52 on Wednesday, reaching $68.20. The company's stock had a trading volume of 349,917 shares, compared to its average volume of 554,688. Zillow Group has a 52 week low of $40.30 and a 52 week high of $86.58. The company has a market capitalization of $16.47 billion, a P/E ratio of -200.59, a price-to-earnings-growth ratio of 12.60 and a beta of 2.11. The firm has a fifty day moving average of $66.84 and a two-hundred day moving average of $70.26.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. As a group, equities analysts expect that Zillow Group will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, Director Gordon Sheridan Stephenson sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the transaction, the director now directly owns 28,290 shares of the company's stock, valued at approximately $1,999,820.10. This trade represents a 26.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jun Choo sold 11,725 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the transaction, the chief operating officer now directly owns 130,186 shares in the company, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,093 shares of company stock worth $6,989,688 over the last quarter. Company insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp boosted its position in shares of Zillow Group by 67.9% during the fourth quarter. Truist Financial Corp now owns 6,196 shares of the technology company's stock worth $439,000 after purchasing an additional 2,506 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Zillow Group by 104.9% during the 4th quarter. Private Advisor Group LLC now owns 24,718 shares of the technology company's stock worth $1,751,000 after purchasing an additional 12,654 shares during the last quarter. Ieq Capital LLC increased its stake in shares of Zillow Group by 4.9% during the 4th quarter. Ieq Capital LLC now owns 12,123 shares of the technology company's stock worth $859,000 after purchasing an additional 566 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Zillow Group during the 4th quarter worth about $557,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Zillow Group during the 4th quarter worth about $1,807,000. 20.32% of the stock is owned by institutional investors.

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.