Piper Sandler Cuts Zillow Group (NASDAQ:ZG) Price Target to $80.00

Zillow Group (NASDAQ:ZG - Free Report) had its price objective trimmed by Piper Sandler from $90.00 to $80.00 in a report published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the technology company's stock.

Other analysts have also issued research reports about the stock. Citigroup reduced 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 report on Tuesday, April 15th. UBS Group reduced their target price on Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI increased their price target on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a "hold" rating in a report on Friday, March 28th. Finally, KeyCorp lowered their target price on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.67.

Zillow Group Trading Up 0.2 %

NASDAQ ZG traded up $0.16 on Monday, reaching $66.14. 255,429 shares of the company were exchanged, compared to its average volume of 566,752. The business's fifty day moving average price is $67.20 and its 200 day moving average price is $70.88. The stock has a market capitalization of $16.04 billion, a P/E ratio of -140.72, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58.

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

Insider Activity at Zillow Group

In other news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 approximately $3,878,435. The trade was a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock valued at $5,744,978 over the last 90 days. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its stake in Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company's stock valued at $84,000 after buying an additional 138 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares during the period. Blue Trust Inc. raised its position in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. M&T Bank Corp boosted its stake in Zillow Group by 4.1% during the 1st quarter. M&T Bank Corp now owns 5,437 shares of the technology company's stock worth $363,000 after purchasing an additional 215 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group during the 4th quarter worth $27,000. Institutional investors and hedge funds own 20.32% 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.