Zillow Group - Z Stock Forecast, Price & News

Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT segment offers premier agent, rentals, and new construction marketplaces, as well as dotloop, display, and other advertising, as well as business software solutions. The Mortgage segment provides home loans; and marketing products including custom quote and connect services. Its portfolio of brands includes Zillow Rentals, Trulia, StreetEasy, Zillow Closing Services, HotPads, and Out East. The company was incorporated in 2004 and is headquartered in Seattle, Washington.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on Z shares. Piper Sandler reduced their target price on Zillow Group from $57.00 to $39.00 in a report on Friday, May 6th. Morgan Stanley reduced their target price on Zillow Group from $54.00 to $42.00 and set an "equal weight" rating for the company in a report on Thursday, July 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.50.

Zillow Group Stock Up 3.0 %

Shares of NASDAQ:Z traded up $1.14 during mid-day trading on Friday, reaching $39.63. 2,736,459 shares of the company traded hands, compared to its average volume of 4,925,375. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.57 and a current ratio of 12.65. The stock has a market cap of $9.76 billion, a PE ratio of -17.48 and a beta of 1.44. The company's fifty day moving average is $34.96 and its two-hundred day moving average is $43.61. Zillow Group has a fifty-two week low of $28.61 and a fifty-two week high of $104.05.

Insider Activity

In related news, CAO Jennifer Rock sold 1,965 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $41.21, for a total transaction of $80,977.65. Following the completion of the sale, the chief accounting officer now owns 69,571 shares in the company, valued at approximately $2,867,020.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Zillow Group news, CAO Jennifer Rock sold 1,965 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $41.21, for a total value of $80,977.65. Following the completion of the sale, the chief accounting officer now owns 69,571 shares in the company, valued at approximately $2,867,020.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Daimler sold 5,315 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $39.52, for a total value of $210,048.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,956 shares of company stock valued at $1,203,552. Insiders own 15.30% of the company's stock.