Zillow Group (NASDAQ:ZG) Given New $46.00 Price Target at Piper Sandler

Key Points

• Piper Sandler lowered Zillow Group’s price target from $55 to $46 while maintaining an “overweight” rating, implying roughly 35% upside from the stock’s $34.04 price.
• Zillow beat second-quarter expectations, reporting adjusted EPS of $0.52 versus $0.44 expected and revenue of $772 million, up 17.9% year over year. However, analysts remain divided, with the consensus rating at “Hold” and an average target of $53.86.
• Near-term concerns are weighing on sentiment: Zillow’s revenue outlook was below consensus, housing indicators point to a slower second half, and the company faces restructuring costs and investor litigation-related risk.

Zillow Group (NASDAQ:ZG - Get Free Report) had its price target decreased by equities researchers at Piper Sandler from $55.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Piper Sandler's price objective would indicate a potential upside of 35.15% from the stock's current price.

A number of other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Zillow Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Royal Bank Of Canada reduced their price objective on Zillow Group from $70.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday. BTIG Research restated a "neutral" rating on shares of Zillow Group in a research note on Thursday, June 11th. Evercore set a $40.00 price target on shares of Zillow Group and gave the stock an "in-line" rating in a research note on Thursday. Finally, Susquehanna lowered their price objective on shares of Zillow Group from $50.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $53.86.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $0.28 during midday trading on Friday, reaching $34.04. 802,426 shares of the stock were exchanged, compared to its average volume of 1,197,341. Zillow Group has a 12 month low of $29.03 and a 12 month high of $90.22. The business has a 50-day simple moving average of $33.19 and a two-hundred day simple moving average of $41.59. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 153.61, a P/E/G ratio of 1.58 and a beta of 1.95.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a return on equity of 2.27% and a net margin of 1.96%.The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.25 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts expect that Zillow Group will post 0.9 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In related news, General Counsel Bradley D. Owens sold 3,364 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $37.23, for a total value of $125,241.72. Following the completion of the transaction, the general counsel directly owned 65,245 shares of the company's stock, valued at approximately $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeremy Hofmann sold 5,501 shares of the business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the transaction, the chief financial officer owned 68,315 shares in the company, valued at approximately $2,554,981. The trade was a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 42,910 shares of company stock worth $1,605,732. Insiders own 29.88% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Zillow Group in the fourth quarter worth $152,050,000. M&T Bank Corp raised its position in shares of Zillow Group by 38,344.0% in the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company's stock valued at $120,092,000 after buying an additional 1,600,097 shares in the last quarter. UBS Group AG lifted its holdings in shares of Zillow Group by 44.5% during the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company's stock worth $69,489,000 after acquiring an additional 313,643 shares during the period. Tiger Global Management LLC boosted its position in shares of Zillow Group by 30.7% during the 4th quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company's stock worth $69,849,000 after acquiring an additional 240,690 shares in the last quarter. Finally, Virtu Financial LLC increased its stake in Zillow Group by 271.9% in the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company's stock valued at $21,864,000 after acquiring an additional 214,743 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Key Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Zillow reported adjusted earnings of $0.52 per share versus the $0.44 consensus, while revenue rose 17.9% year over year to $772 million, surpassing estimates of $758.25 million. Growth in mortgage and rental businesses supported the results. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Some analysts still see substantial upside. Citizens JMP maintained a “market outperform” rating with a $46 target, while Benchmark and DA Davidson retained “buy” ratings with targets of $80 and $50, respectively. Analyst Price Target Updates
• Neutral Sentiment: Analyst opinion is increasingly divided. Wells Fargo cut its target to $35 and assigned an “equal weight” rating; Susquehanna lowered its target to $38 with a “neutral” rating. Evercore downgraded the stock from “outperform” to “hold” but set a $40 target, while Zacks Research moved from “strong buy” to “hold.” Analyst Ratings and Targets
• Negative Sentiment: Forward expectations disappointed investors. Zillow forecast third-quarter revenue of $745 million to $760 million, below the $772.3 million consensus, and full-year revenue of $2.9 billion to $3.0 billion versus expectations near $3.0 billion. A $36 million restructuring charge also contributed to a reported $4 million quarterly loss, despite the adjusted earnings beat. Zillow Stock Sinks Despite Q2 Earnings Beat
• Negative Sentiment: Housing indicators point to a slower second half. Although July home sales increased 7% year over year, newly pending sales fell sharply from June as mortgage rates reached a one-year high. RBC also cited near-term pressure from Zillow’s shift toward its preferred model. Zillow July Market Report
• Negative Sentiment: Investor litigation headlines add risk. Multiple law firms reminded investors of an August 10 deadline to seek lead-plaintiff status in securities-fraud litigation covering purchases between February 11, 2025 and May 7, 2026. Zillow Securities-Fraud Class Action Notice

About Zillow Group

Zillow Group NASDAQ: ZG is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow's core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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