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

Zillow Group (NASDAQ:ZG)‘s stock had its “overweight” rating reissued by research analysts at Piper Sandler in a report issued on Wednesday,Benzinga reports. They currently have a $70.00 price objective on the technology company’s stock, down from their previous price objective of $85.00. Piper Sandler’s target price points to a potential upside of 60.18% from the company’s previous close.

Several other analysts also recently issued reports on ZG. KeyCorp reduced their price target on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Sanford C. Bernstein dropped their price target on Zillow Group from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Susquehanna reduced their price objective on Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Mizuho set a $65.00 price objective on Zillow Group in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.43.

Zillow Group Stock Performance

Shares of ZG stock opened at $43.70 on Wednesday. The stock has a fifty day moving average price of $65.38 and a 200 day moving average price of $72.06. The stock has a market cap of $10.58 billion, a PE ratio of 485.61, a P/E/G ratio of 2.62 and a beta of 2.04. Zillow Group has a 1 year low of $43.22 and a 1 year high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The firm had revenue of $654.00 million during the quarter, compared to analysts’ expectations of $650.40 million. During the same quarter in the prior year, the business earned $0.27 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts predict that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the completion of the sale, the general counsel directly owned 37,974 shares of the company’s stock, valued at $2,559,827.34. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Erik C. Blachford sold 965 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total value of $69,972.15. Following the completion of the transaction, the director directly owned 33,543 shares in the company, valued at $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,928 shares of company stock valued at $270,937. 17.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Smartleaf Asset Management LLC raised its holdings in shares of Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 187 shares during the period. First Command Advisory Services Inc. acquired a new stake in Zillow Group during the 4th quarter worth approximately $34,000. Global Retirement Partners LLC raised its holdings in Zillow Group by 4,130.0% in the fourth quarter. Global Retirement Partners LLC now owns 846 shares of the technology company’s stock valued at $58,000 after buying an additional 826 shares during the period. Jones Financial Companies Lllp lifted its position in Zillow Group by 23.1% during the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after buying an additional 194 shares in the last quarter. Finally, Group One Trading LLC grew its stake in Zillow Group by 884.7% during the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after buying an additional 1,327 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group News Roundup

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

• Positive Sentiment: Zillow reported revenue growth and strong rental and mortgage momentum — revenue beat consensus and management highlighted rentals growth that supports a narrowing valuation gap. Yahoo: Profitability Milestone
• Positive Sentiment: Several firms still maintain constructive ratings: Citigroup kept a “buy” on ZG while lowering its PT to $78 (still implying meaningful upside), and Piper Sandler reaffirmed an “overweight” with a $70 PT — signaling continued analyst conviction despite cuts. Benzinga: Citi & Piper notes
• Neutral Sentiment: Keefe Bruyette raised its price target to $80 from $65 but kept a Market Perform rating, reflecting uncertainty (notably around the Compass litigation outcome). InsiderMonkey: Analyst roundup
• Neutral Sentiment: Barclays moved to “equal weight” and trimmed its PT to $66, and Cantor Fitzgerald cut its PT to $56 with a “neutral” rating — multiple shops are lowering targets but stopping short of bearish ratings. Benzinga: PT cuts
• Negative Sentiment: Zillow missed Q4 EPS (adjusted EPS ~ $0.39 vs. estimates around $0.40–$0.42) and some analysts trimmed forward forecasts after the print; the earnings shortfall prompted selling despite the revenue beat. Zacks: Q4 EPS misses
• Negative Sentiment: Coverage notes and headlines flagged a projected earnings shortfall and broader sector weakness; several outlets explain the stock decline as investors reacting to margin pressure and higher costs. Fool: Why ZG dropped
• Negative Sentiment: Litigation risk: Barron’s details multiple lawsuits from competitors and consumers across Zillow’s businesses — a material legal overhang that could affect future costs and execution. Barron’s: Litigation coverage
• Negative Sentiment: Market perception: Zillow was called out among weaker real‑estate services names and the stock fell after the Q4 print as investors focused on EPS misses and analyst downgrades. MSN: Sector weakness Yahoo: Stock falls after Q4

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.