Zillow Group (NASDAQ:ZG) Given New $51.00 Price Target at Craig Hallum

Zillow Group (NASDAQ:ZG) had its price objective lowered by Craig Hallum from $65.00 to $51.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

ZG has been the subject of several other reports. Susquehanna raised their price target on Zillow Group from $36.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Royal Bank of Canada lowered their target price on Zillow Group from $66.00 to $60.00 and set an outperform rating for the company in a report on Thursday. Bank of America cut shares of Zillow Group from a buy rating to a neutral rating in a research report on Wednesday, January 10th. Barclays lifted their price objective on shares of Zillow Group from $32.00 to $40.00 and gave the company an underweight rating in a report on Wednesday, February 21st. Finally, DA Davidson reiterated a buy rating and set a $63.00 target price on shares of Zillow Group in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $57.40.

Zillow Group Trading Up 2.2 %

NASDAQ ZG opened at $40.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.24. The stock has a market capitalization of $9.35 billion, a P/E ratio of -58.07 and a beta of 1.87. The firm’s 50-day moving average is $47.44 and its two-hundred day moving average is $47.59. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. On average, sell-side analysts anticipate that Zillow Group will post -0.18 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $56.69, for a total value of $5,314,687.50. Following the transaction, the director now owns 5,652 shares of the company’s stock, valued at $320,411.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Amy Bohutinsky sold 93,750 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $56.69, for a total value of $5,314,687.50. Following the completion of the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $320,411.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now directly owns 17,181 shares in the company, valued at approximately $996,669.81. The disclosure for this sale can be found here. In the last three months, insiders sold 171,289 shares of company stock valued at $9,642,508. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of ZG. CWM LLC grew its holdings in shares of Zillow Group by 100.0% during the third 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 last quarter. Commonwealth Equity Services LLC boosted its position in shares of Zillow Group by 33.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,003 shares of the technology company’s stock valued at $403,000 after purchasing an additional 2,237 shares during the period. AtonRa Partners purchased a new position in Zillow Group during the 3rd quarter worth approximately $206,000. Allspring Global Investments Holdings LLC increased its position in Zillow Group by 215.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,252 shares of the technology company’s stock worth $414,000 after buying an additional 6,320 shares during the period. Finally, Aubrey Capital Management Ltd lifted its stake in Zillow Group by 16.4% in the third quarter. Aubrey Capital Management Ltd now owns 61,123 shares of the technology company’s stock valued at $2,738,000 after buying an additional 8,600 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

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.