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 Price Performance

NASDAQ:Z opened at $39.63 on Monday. Zillow Group has a 52-week low of $28.61 and a 52-week high of $104.05. The stock has a fifty day moving average of $34.96 and a 200 day moving average of $43.49. 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 firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of -17.77 and a beta of 1.44.

Analyst Upgrades and Downgrades

Several research firms recently commented on Z. Piper Sandler dropped their price objective on Zillow Group from $57.00 to $39.00 in a research note on Friday, May 6th. Morgan Stanley cut 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. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.50.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 3,658 shares of the company's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $41.14, for a total value of $150,490.12. Following the completion of the transaction, the insider now directly owns 24,278 shares in the company, valued at approximately $998,796.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Zillow Group news, insider Susan Daimler sold 5,315 shares of the company's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $39.52, for a total transaction of $210,048.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dan Spaulding sold 3,658 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $41.14, for a total transaction of $150,490.12. Following the sale, the insider now directly owns 24,278 shares of the company's stock, valued at approximately $998,796.92. The disclosure for this sale can be found here. Insiders have sold 29,956 shares of company stock valued at $1,203,552 in the last quarter. Insiders own 15.30% of the company's stock.