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

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

Zillow Group Stock Performance

Shares of Z Stock opened at $38.25 on Wednesday. The stock's 50-day moving average is $34.88 and its two-hundred day moving average is $43.39. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of -17.15 and a beta of 1.44. Zillow Group has a 1 year low of $28.61 and a 1 year high of $104.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.57 and a current ratio of 12.65.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 4,000 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $43.21, for a total transaction of $172,840.00. Following the completion of the sale, the insider now owns 18,765 shares in the company, valued at $810,835.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Jeremy Wacksman sold 4,785 shares of the firm's stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $35.00, for a total value of $167,475.00. Following the completion of the sale, the chief operating officer now owns 43,132 shares in the company, valued at $1,509,620. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dan Spaulding sold 4,000 shares of the firm's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $43.21, for a total transaction of $172,840.00. Following the completion of the sale, the insider now owns 18,765 shares of the company's stock, valued at approximately $810,835.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,100 shares of company stock worth $550,364. Company insiders own 15.30% of the company's stock.