Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Zillow Group Price Performance
ZG stock opened at $60.88 on Wednesday. The firm has a 50 day moving average of $50.51 and a 200 day moving average of $46.99. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $33.23 and a 52 week high of $62.25.
Zillow Group (NASDAQ:ZG – Get Free Report) last released its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. Zillow Group’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. Equities analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.
Institutional Trading of Zillow Group
Analysts Set New Price Targets
A number of research firms have commented on ZG. Cantor Fitzgerald began coverage on shares of Zillow Group in a research report on Thursday, September 5th. They set a “neutral” rating and a $47.00 target price on the stock. UBS Group raised their target price on shares of Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Craig Hallum raised their target price on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Susquehanna lifted their price objective on shares of Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Evercore ISI lifted their price objective on shares of Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.82.
Read Our Latest Stock Report on Zillow Group
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.
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