Zillow Group, Inc. (NASDAQ:ZG) Receives $75.43 Average Price Target from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZGGet Rating) have earned an average recommendation of “Hold” from the twenty-six research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $75.43.

ZG has been the topic of several recent research reports. Sanford C. Bernstein assumed coverage on Zillow Group in a report on Monday. They set an “underperform” rating and a $34.00 target price on the stock. Susquehanna reduced their target price on Zillow Group from $62.00 to $41.00 in a report on Monday, May 9th. Truist Financial lowered their price target on shares of Zillow Group from $58.00 to $41.00 in a report on Friday, May 6th. Stifel Nicolaus upped their price target on shares of Zillow Group from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Friday, February 11th. Finally, Wolfe Research decreased their target price on Zillow Group from $75.00 to $69.00 and set a “peer perform” rating for the company in a research note on Friday, February 11th.

Zillow Group stock opened at $38.35 on Friday. The business has a 50 day moving average of $44.12 and a 200-day moving average of $51.72. The company has a market capitalization of $9.45 billion, a P/E ratio of -17.27 and a beta of 1.49. Zillow Group has a 1 year low of $33.26 and a 1 year high of $124.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.98 and a quick ratio of 0.97.

Zillow Group (NASDAQ:ZGGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.56. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.61%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 249.5% on a year-over-year basis. Equities analysts anticipate that Zillow Group will post 0.86 EPS for the current year.

In other Zillow Group news, insider Dan Spaulding sold 4,000 shares of the firm’s 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 sale, the insider now directly owns 18,765 shares of the company’s stock, valued at $810,835.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeremy Wacksman sold 2,198 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $41.15, for a total value of $90,447.70. Following the transaction, the chief operating officer now owns 47,917 shares of the company’s stock, valued at approximately $1,971,784.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,856 shares of company stock worth $978,548. Insiders own 18.52% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its holdings in Zillow Group by 10.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 8,172 shares of the technology company’s stock worth $727,000 after purchasing an additional 758 shares in the last quarter. BlackRock Inc. raised its position in shares of Zillow Group by 3.5% in the third quarter. BlackRock Inc. now owns 2,811,861 shares of the technology company’s stock worth $249,073,000 after buying an additional 95,638 shares in the last quarter. Creative Planning raised its holdings in shares of Zillow Group by 29.7% in the 3rd quarter. Creative Planning now owns 2,300 shares of the technology company’s stock valued at $204,000 after acquiring an additional 527 shares in the last quarter. American Century Companies Inc. raised its position in shares of Zillow Group by 18.2% during the 3rd quarter. American Century Companies Inc. now owns 2,885 shares of the technology company’s stock valued at $256,000 after buying an additional 445 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Zillow Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 755,546 shares of the technology company’s stock worth $66,820,000 after purchasing an additional 25,640 shares during the last quarter. Institutional investors own 20.82% of the company’s stock.

About Zillow Group (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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Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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