Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Recommendation of “Hold” by Brokerages

Zillow Group, Inc. (NASDAQ:ZGGet Rating) has earned an average recommendation of “Hold” from the twenty-five ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $75.95.

Several analysts have recently issued reports on ZG shares. Truist Financial reduced their price objective on Zillow Group from $58.00 to $41.00 in a research report on Friday, May 6th. Piper Sandler reduced their price objective on Zillow Group from $64.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, March 17th. JMP Securities restated a “mkt perform” rating on shares of Zillow Group in a research report on Thursday, June 9th. Susquehanna reduced their price objective on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th. Finally, Susquehanna Bancshares reduced their price objective on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th.

In other news, insider Dan Spaulding sold 4,000 shares of the company’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $38.13, for a total value of $152,520.00. Following the completion of the sale, the insider now owns 27,936 shares of the company’s stock, valued at $1,065,199.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Allen Parker sold 6,755 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 154,260 shares of the company’s stock, valued at approximately $6,355,512. The disclosure for this sale can be found here. Insiders have sold 23,856 shares of company stock valued at $978,548 over the last 90 days. 18.52% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ZG. Franklin Resources Inc. boosted its holdings in Zillow Group by 145.5% in the third quarter. Franklin Resources Inc. now owns 2,141 shares of the technology company’s stock valued at $190,000 after purchasing an additional 1,269 shares during the last quarter. Invesco Ltd. lifted its holdings in Zillow Group by 2.5% during the 3rd quarter. Invesco Ltd. now owns 33,741 shares of the technology company’s stock worth $2,988,000 after buying an additional 832 shares during the last quarter. Royal Bank of Canada lifted its holdings in Zillow Group by 99.7% during the 3rd quarter. Royal Bank of Canada now owns 59,009 shares of the technology company’s stock worth $5,227,000 after buying an additional 29,461 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Zillow Group by 6.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 29,005 shares of the technology company’s stock worth $2,569,000 after buying an additional 1,712 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Zillow Group by 658.2% during the 3rd quarter. Millennium Management LLC now owns 151,985 shares of the technology company’s stock worth $13,463,000 after buying an additional 131,940 shares during the last quarter. 20.82% of the stock is owned by hedge funds and other institutional investors.

ZG opened at $29.69 on Tuesday. The business’s fifty day moving average is $39.25 and its two-hundred day moving average is $49.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.57 and a current ratio of 3.98. The company has a market cap of $7.31 billion, a price-to-earnings ratio of -13.37 and a beta of 1.48. Zillow Group has a one year low of $28.76 and a one year high of $124.90.

Zillow Group (NASDAQ:ZGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.26. Zillow Group had a negative return on equity of 7.61% and a negative net margin of 5.04%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s revenue was up 249.5% on a year-over-year basis. On average, analysts predict that Zillow Group will post 0.92 EPS for the current fiscal year.

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.

Further Reading

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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