Piper Sandler Reaffirms Overweight Rating for Zillow Group (NASDAQ:ZG)

Zillow Group (NASDAQ:ZG)‘s stock had its “overweight” rating restated by equities researchers at Piper Sandler in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $85.00 price objective on the technology company’s stock, down from their previous price objective of $94.00. Piper Sandler’s price target would suggest a potential upside of 18.83% from the stock’s current price.

ZG has been the topic of a number of other reports. Oppenheimer assumed coverage on shares of Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating on the stock. Zelman & Associates upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Canaccord Genuity Group boosted their price target on shares of Zillow Group from $76.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Finally, KeyCorp restated an “overweight” rating and issued a $92.00 price target (up from $90.00) on shares of Zillow Group in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $87.42.

Zillow Group Price Performance

Shares of ZG stock opened at $71.53 on Friday. The stock’s fifty day simple moving average is $76.77 and its 200 day simple moving average is $72.86. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of -275.12, a P/E/G ratio of 23.55 and a beta of 2.11. Zillow Group has a one year low of $55.22 and a one year high of $90.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. Zillow Group’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Zillow Group has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 45,710 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total transaction of $3,894,949.10. Following the completion of the sale, the chief operating officer directly owned 117,098 shares of the company’s stock, valued at $9,977,920.58. The trade was a 28.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard N. Barton sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $84.92, for a total transaction of $16,984,000.00. Following the sale, the chairman directly owned 843,248 shares of the company’s stock, valued at approximately $71,608,620.16. This trade represents a 19.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 657,087 shares of company stock valued at $56,286,479 in the last three months. 17.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Zillow Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company’s stock worth $468,200,000 after buying an additional 57,693 shares during the last quarter. Norges Bank bought a new stake in shares of Zillow Group during the second quarter worth approximately $159,770,000. Independent Franchise Partners LLP raised its stake in shares of Zillow Group by 1.8% during the first quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company’s stock worth $137,758,000 after buying an additional 36,046 shares during the last quarter. Millennium Management LLC raised its stake in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after buying an additional 152,955 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Zillow Group by 0.7% during the first quarter. Northern Trust Corp now owns 248,737 shares of the technology company’s stock worth $16,631,000 after buying an additional 1,659 shares during the last quarter. 20.32% of the stock is 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.