Zillow Group (NASDAQ:ZG) Price Target Raised to $70.00 at Craig Hallum

Zillow Group (NASDAQ:ZG) had its price target upped by Craig Hallum from $55.00 to $70.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

ZG has been the subject of a number of other reports. Citigroup upped their price target on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Royal Bank of Canada raised their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.06.

Zillow Group Stock Up 1.7 %

ZG opened at $71.26 on Thursday. The firm has a market cap of $16.49 billion, a P/E ratio of -125.02 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 3.13. The business has a 50 day moving average price of $59.60 and a 200 day moving average price of $50.62. Zillow Group has a twelve month low of $34.33 and a twelve month high of $72.03.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. Research analysts forecast that Zillow Group will post -0.33 EPS for the current year.

Insider Activity

In related news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 752 shares of Zillow Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total transaction of $39,953.76. Following the transaction, the general counsel now directly owns 35,259 shares of the company’s stock, valued at $1,873,310.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,596 shares of company stock worth $3,938,581. Company insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new position in Zillow Group in the first quarter worth $84,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Zillow Group in the first quarter valued at about $118,000. Duality Advisers LP lifted its position in Zillow Group by 36.9% during the 1st quarter. Duality Advisers LP now owns 20,455 shares of the technology company’s stock worth $979,000 after buying an additional 5,510 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Zillow Group by 146.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 39,741 shares of the technology company’s stock worth $1,902,000 after acquiring an additional 23,612 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Zillow Group during the 1st quarter worth about $218,000. 20.32% of the stock is currently owned by 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.