Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $58.79.

Several brokerages have recently weighed in on ZG. Susquehanna boosted their price objective on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Barclays boosted their price objective on shares of Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 21st. DA Davidson restated a “buy” rating and set a $63.00 price objective on shares of Zillow Group in a research report on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Zillow Group in a research report on Tuesday, March 5th. Finally, Piper Sandler boosted their price objective on shares of Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th.

Insider Activity at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 15,206 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total value of $857,010.16. Following the transaction, the insider now directly owns 36,148 shares of the company’s stock, valued at approximately $2,037,301.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Zillow Group news, insider Susan Daimler sold 15,206 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total value of $857,010.16. Following the transaction, the insider now directly owns 36,148 shares of the company’s stock, valued at approximately $2,037,301.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 in the last 90 days. 17.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Zillow Group during the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Zillow Group during the 4th quarter worth $31,000. Quadrant Capital Group LLC grew its stake in shares of Zillow Group by 45.1% during the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after purchasing an additional 237 shares during the period. CWM LLC grew its stake in shares of Zillow Group by 100.0% during the 3rd quarter. CWM LLC now owns 1,222 shares of the technology company’s stock worth $55,000 after purchasing an additional 611 shares during the period. Finally, AtonRa Partners acquired a new position in shares of Zillow Group during the 3rd quarter worth $206,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Down 1.1 %

Shares of Zillow Group stock opened at $42.41 on Friday. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23. The company has a 50 day moving average of $48.96 and a 200 day moving average of $47.63. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $9.90 billion, a P/E ratio of -62.37 and a beta of 1.83.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.06. The business had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. As a group, research analysts forecast that Zillow Group will post -0.15 EPS for the current fiscal year.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.