Analysts Set Zillow Group, Inc. (NASDAQ:ZG) PT at $81.80

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average rating of “Moderate Buy” by the twenty-two analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $81.80.

A number of brokerages have weighed in on ZG. The Goldman Sachs Group decreased their price target on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Piper Sandler raised their target price on Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Wells Fargo & Company began coverage on Zillow Group in a research note on Monday, April 28th. They issued a “mixed” rating and a $62.00 target price for the company. Wedbush restated an “outperform” rating and issued a $90.00 target price (down from $100.00) on shares of Zillow Group in a research note on Thursday, May 8th. Finally, KeyCorp reduced their target price on Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th.

Insider Buying and Selling

In related news, COO Jun Choo sold 11,725 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the transaction, the chief operating officer now directly owns 130,186 shares in the company, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company’s stock, valued at approximately $3,969,259.20. The trade was a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,093 shares of company stock worth $6,989,688. Corporate insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently modified their holdings of ZG. O Shaughnessy Asset Management LLC raised its stake in Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after buying an additional 138 shares in the last quarter. Voya Investment Management LLC raised its stake in Zillow Group by 2.8% in the first quarter. Voya Investment Management LLC now owns 5,778 shares of the technology company’s stock worth $386,000 after buying an additional 156 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares in the last quarter. M&T Bank Corp raised its stake in Zillow Group by 4.1% in the first quarter. M&T Bank Corp now owns 5,437 shares of the technology company’s stock worth $363,000 after buying an additional 215 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in Zillow Group by 79.4% in the first quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock worth $33,000 after buying an additional 216 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Shares of ZG opened at $68.20 on Wednesday. Zillow Group has a 52 week low of $40.30 and a 52 week high of $86.58. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of -200.59, a PEG ratio of 12.50 and a beta of 2.11. The stock has a fifty day moving average of $66.84 and a 200-day moving average of $70.32.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative net margin of 3.51% and a negative return on equity of 1.62%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, equities analysts forecast that Zillow Group will post 0.32 EPS for the current 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.