Jefferies Financial Group Cuts Zillow Group (NASDAQ:Z) Price Target to $60.00

Zillow Group (NASDAQ:Z) had its price target trimmed by Jefferies Financial Group from $75.00 to $60.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Z has been the topic of several other reports. Weiss Ratings downgraded Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. UBS Group reduced their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Royal Bank Of Canada decreased their price target on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, June 10th. Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $50.00 to $37.00 and set a “market perform” rating for the company in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.38.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $34.08 on Tuesday. The business has a 50-day moving average of $34.33 and a 200-day moving average of $45.28. The company has a market capitalization of $7.80 billion, a PE ratio of 136.32, a P/E/G ratio of 1.45 and a beta of 1.98. Zillow Group has a 1-year low of $29.23 and a 1-year high of $93.88.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. The business had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. On average, equities analysts expect that Zillow Group will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares of the company’s stock, valued at $1,858,630.40. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,072 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.54, for a total value of $331,490.88. Following the sale, the chief executive officer owned 153,699 shares in the company, valued at $5,616,161.46. The trade was a 5.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 42,910 shares of company stock valued at $1,605,732. 25.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in the company. Doliver Advisors LP lifted its stake in Zillow Group by 1.8% during the fourth quarter. Doliver Advisors LP now owns 9,687 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 171 shares during the last quarter. Empowered Funds LLC boosted its holdings in Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC boosted its holdings in Zillow Group by 21.4% in the fourth quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 209 shares during the period. CIBC Asset Management Inc increased its stake in Zillow Group by 3.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,550 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 220 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in Zillow Group by 6.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 3,923 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 252 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Negative Sentiment: Multiple law firms, including Rosen, Bragar Eagel & Squire, Pomerantz, Bernstein Liebhard, Faruqi & Faruqi, and BFA Law, announced or reminded investors about a securities fraud class action against Zillow Group, signaling growing legal risk and continued negative attention on the stock. Article Title
• Neutral Sentiment: Zillow’s own research showed the U.S. housing deficit held steady at 4.7 million homes in 2024, with strong multifamily construction helping slow the shortage’s growth; while this underscores a persistent structural housing challenge, the article does not directly change Zillow’s near-term financial outlook. Article Title

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.