Zillow Group (NASDAQ:Z) Receives Outperform Rating from Wedbush

Zillow Group (NASDAQ:Z - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Wedbush in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $100.00 price objective on the financial services provider's stock. Wedbush's target price indicates a potential upside of 47.21% from the stock's previous close.

Several other brokerages also recently commented on Z. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods started coverage on Zillow Group in a research note on Friday, March 28th. They set a "market perform" rating and a $80.00 target price for the company. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and an average target price of $83.71.

Zillow Group Trading Up 0.0 %

NASDAQ:Z traded up $0.03 on Monday, hitting $67.93. 3,246,258 shares of the company's stock traded hands, compared to its average volume of 3,262,907. The company has a market cap of $16.48 billion, a PE ratio of -144.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group has a 1 year low of $39.05 and a 1 year high of $89.39. The firm has a 50-day moving average price of $67.72 and a 200-day moving average price of $73.46.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, research analysts forecast that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,919 shares of company stock worth $5,744,978. 25.03% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of Z. IFP Advisors Inc lifted its position in Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock worth $31,000 after acquiring an additional 338 shares during the last quarter. GAMMA Investing LLC boosted its stake in Zillow Group by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 196 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Zillow Group in the 1st quarter valued at $49,000. National Bank of Canada FI bought a new position in Zillow Group during the 4th quarter worth $55,000. Finally, Assetmark Inc. lifted its holdings in shares of Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after buying an additional 741 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

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.