Zillow Group (NASDAQ:ZG) Given New $55.00 Price Target at Robert W. Baird

Zillow Group (NASDAQ:ZG) had its target price decreased by Robert W. Baird from $67.00 to $55.00 in a research note released on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

Several other research analysts also recently commented on the stock. Evercore reaffirmed an “outperform” rating on shares of Zillow Group in a research note on Tuesday. Canaccord Genuity Group set a $72.00 price objective on shares of Zillow Group in a research report on Wednesday, February 11th. Mizuho set a $65.00 target price on shares of Zillow Group in a research note on Wednesday, February 11th. Citigroup reduced their target price on shares of Zillow Group from $100.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $70.00 price target (down from $85.00) on shares of Zillow Group in a research note on Wednesday, February 11th. Fourteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $77.50.

Zillow Group Stock Up 1.5%

Shares of Zillow Group stock opened at $45.71 on Wednesday. The stock’s fifty day moving average is $53.62 and its two-hundred day moving average is $66.07. Zillow Group has a 52 week low of $40.69 and a 52 week high of $90.22. The company has a market capitalization of $10.97 billion, a PE ratio of 507.95, a price-to-earnings-growth ratio of 2.52 and a beta of 2.05.

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

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total transaction of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares of the company’s stock, valued at approximately $2,513,906.51. This trade represents a 11.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy Wacksman sold 13,661 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,801 shares of company stock valued at $2,683,986 over the last quarter. 17.14% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of ZG. Norges Bank bought a new stake in Zillow Group during the 2nd quarter valued at $159,770,000. M&T Bank Corp raised its position in shares of Zillow Group by 38,344.0% in the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after acquiring an additional 1,600,097 shares in the last quarter. UBS Group AG raised its position in shares of Zillow Group by 44.5% in the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after acquiring an additional 313,643 shares in the last quarter. Tiger Global Management LLC lifted its stake in shares of Zillow Group by 30.7% during the 4th quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after purchasing an additional 240,690 shares during the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of Zillow Group by 271.9% during the 3rd quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock worth $21,864,000 after purchasing an additional 214,743 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.