Zillow Group, Inc. (NASDAQ:ZG) Insider Dan Spaulding Sells 4,000 Shares

Zillow Group, Inc. (NASDAQ:ZGGet Rating) insider Dan Spaulding sold 4,000 shares of the stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $38.13, for a total value of $152,520.00. Following the transaction, the insider now owns 27,936 shares in the company, valued at $1,065,199.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of ZG opened at $36.52 on Tuesday. The business has a 50-day moving average of $46.99 and a 200 day moving average of $55.54. Zillow Group, Inc. has a fifty-two week low of $33.26 and a fifty-two week high of $124.90. The firm has a market cap of $9.15 billion, a P/E ratio of -16.45 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.98.

Zillow Group (NASDAQ:ZGGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.56. Zillow Group had a negative return on equity of 7.34% and a negative net margin of 5.04%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 249.5% on a year-over-year basis. As a group, research analysts predict that Zillow Group, Inc. will post 0.72 earnings per share for the current fiscal year.

ZG has been the topic of a number of research analyst reports. Susquehanna cut their price target on Zillow Group from $62.00 to $41.00 in a report on Monday. Truist Financial cut their price target on Zillow Group from $58.00 to $41.00 in a report on Friday. Piper Sandler cut their price target on Zillow Group from $64.00 to $57.00 and set a “neutral” rating on the stock in a report on Thursday, March 17th. Susquehanna Bancshares cut their target price on Zillow Group from $62.00 to $41.00 in a report on Monday. Finally, Benchmark cut their target price on Zillow Group from $115.00 to $65.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.95.

A number of institutional investors and hedge funds have recently made changes to their positions in ZG. Sphinx Trading LP bought a new position in Zillow Group in the 4th quarter worth about $25,000. Rosenberg Matthew Hamilton bought a new position in Zillow Group in the 4th quarter worth about $30,000. Future Financial Wealth Managment LLC bought a new position in Zillow Group in the 4th quarter worth about $31,000. Quadrant Capital Group LLC boosted its position in shares of Zillow Group by 69.5% during the 4th quarter. Quadrant Capital Group LLC now owns 678 shares of the technology company’s stock valued at $42,000 after acquiring an additional 278 shares during the last quarter. Finally, Jacobi Capital Management LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $44,000. 20.82% of the stock is owned by institutional investors.

Zillow Group Company Profile (Get Rating)

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.

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