Zillow Group (NASDAQ:ZG) Given New $78.00 Price Target at Citigroup

Zillow Group (NASDAQ:ZG) had its target price lowered by Citigroup from $100.00 to $78.00 in a research note published on Thursday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

ZG has been the subject of a number of other research reports. Barclays reduced their target price on Zillow Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a research note on Wednesday. BNP Paribas Exane assumed coverage on Zillow Group in a report on Wednesday, January 14th. They issued an “outperform” rating and a $85.00 price objective on the stock. KeyCorp decreased their target price on Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 6th. UBS Group set a $80.00 target price on Zillow Group in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating on shares of Zillow Group in a report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $78.43.

Zillow Group Stock Down 3.1%

ZG stock opened at $43.70 on Thursday. The stock has a market capitalization of $10.58 billion, a PE ratio of 485.61, a price-to-earnings-growth ratio of 2.62 and a beta of 2.04. Zillow Group has a 52 week low of $43.22 and a 52 week high of $90.22. The firm has a 50 day moving average of $65.38 and a 200 day moving average of $72.06.

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

Insider Buying and Selling at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,722 shares of Zillow Group stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total value of $183,490.02. Following the transaction, the general counsel directly owned 37,974 shares in the company, valued at approximately $2,559,827.34. The trade was a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total transaction of $69,972.15. Following the completion of the sale, the director directly owned 33,543 shares of the company’s stock, valued at $2,432,202.93. The trade was a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,928 shares of company stock valued at $270,937. 17.14% of the stock is owned by insiders.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cibc World Markets Corp acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $854,000. Renaissance Technologies LLC grew its holdings in shares of Zillow Group by 57.2% in the 4th quarter. Renaissance Technologies LLC now owns 271,700 shares of the technology company’s stock worth $18,538,000 after acquiring an additional 98,900 shares during the period. Federated Hermes Inc. increased its stake in Zillow Group by 1.3% in the 4th quarter. Federated Hermes Inc. now owns 44,963 shares of the technology company’s stock valued at $3,068,000 after purchasing an additional 574 shares in the last quarter. Nuveen LLC increased its stake in Zillow Group by 2.5% in the 4th quarter. Nuveen LLC now owns 118,726 shares of the technology company’s stock valued at $8,101,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Centersquare Investment Management LLC acquired a new position in Zillow Group during the fourth quarter worth $344,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Key Zillow Group News

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

About Zillow Group

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.