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.

Zillow Group Stock Performance

NASDAQ:Z opened at $37.06 on Monday. The stock has a market capitalization of $9.13 billion, a PE ratio of -16.62 and a beta of 1.44. Zillow Group has a 1 year low of $28.61 and a 1 year high of $110.93. The company's 50 day simple moving average is $35.15 and its two-hundred day simple moving average is $43.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.98 and a quick ratio of 3.57.

Zillow Group (NASDAQ:Z - Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.19 earnings per share for the quarter. Zillow Group had a negative net margin of 5.19% and a negative return on equity of 7.83%. The firm had revenue of $4.26 billion during the quarter.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 4,000 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $43.21, for a total value of $172,840.00. Following the completion of the transaction, the insider now owns 18,765 shares in the company, valued at $810,835.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Zillow Group news, CFO Allen Parker sold 6,755 shares of the stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $41.20, for a total value of $278,306.00. Following the transaction, the chief financial officer now owns 154,260 shares of the company's stock, valued at $6,355,512. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $172,840.00. Following the completion of the transaction, the insider now directly owns 18,765 shares in the company, valued at approximately $810,835.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,641 shares of company stock valued at $993,503. Company insiders own 15.30% of the company's stock.