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

Zillow Group, Inc. (NASDAQ:ZG – Get 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:ZG – Get 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.

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