Zillow Group (NASDAQ:ZG) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Zillow Group's stock received a "sell (D-)" rating from Weiss Ratings, which has reaffirmed concerns regarding its performance and valuation.
• Despite the negative rating by Weiss, other analysts have varied opinions, with some raising their price targets and giving "buy" ratings, indicating a divided sentiment on the stock.
• Recently, insiders at Zillow Group sold significant shares, with CFO Jeremy Hofmann selling 25,000 shares worth approximately $2.25 million, suggesting potential caution among company leadership.

Zillow Group (NASDAQ:ZG - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Gordon Haskett raised Zillow Group from a "hold" rating to a "buy" rating and set a $90.00 price objective for the company in a research note on Friday, October 3rd. Canaccord Genuity Group increased their price objective on Zillow Group from $76.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Mizuho assumed coverage on Zillow Group in a research note on Monday, September 29th. They issued an "outperform" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $87.00 target price on shares of Zillow Group in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Zillow Group has an average rating of "Moderate Buy" and an average price target of $86.92.

Zillow Group Trading Down 2.1%

ZG stock traded down $1.49 during trading on Wednesday, reaching $68.60. 292,243 shares of the stock were exchanged, compared to its average volume of 577,096. The firm's 50 day moving average is $79.83 and its 200 day moving average is $72.15. Zillow Group has a twelve month low of $55.08 and a twelve month high of $90.22. The firm has a market cap of $16.62 billion, a P/E ratio of -263.84, a price-to-earnings-growth ratio of 19.92 and a beta of 2.11.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The firm had revenue of $655.00 million for the quarter, compared to analyst estimates of $647.06 million. During the same period last year, the company posted $0.39 earnings per share. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts predict that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 25,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $89.99, for a total transaction of $2,249,750.00. Following the completion of the transaction, the chief financial officer directly owned 84,146 shares of the company's stock, valued at approximately $7,572,298.54. This represents a 22.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jun Choo sold 45,710 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total value of $3,894,949.10. Following the transaction, the chief operating officer directly owned 117,098 shares of the company's stock, valued at approximately $9,977,920.58. This trade represents a 28.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 657,087 shares of company stock valued at $56,286,479 in the last quarter. Insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI grew its holdings in Zillow Group by 79.4% during the first quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock valued at $33,000 after purchasing an additional 216 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Zillow Group in the first quarter worth $42,000. CX Institutional bought a new position in shares of Zillow Group in the first quarter worth $46,000. PNC Financial Services Group Inc. boosted its holdings in shares of Zillow Group by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company's stock worth $75,000 after acquiring an additional 280 shares during the period. Finally, Lavaca Capital LLC boosted its holdings in shares of Zillow Group by 67.0% in the second quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company's stock worth $114,000 after acquiring an additional 670 shares during the period. 20.32% of the stock is owned by institutional investors.

About Zillow Group

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.

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