Zillow Group (NASDAQ:ZG) PT Lowered to $51.00 at Craig Hallum

Zillow Group (NASDAQ:ZG) had its target price reduced by Craig Hallum from $65.00 to $51.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other analysts also recently issued reports about the stock. Stephens restated an overweight rating and issued a $79.00 target price on shares of Zillow Group in a report on Wednesday, February 14th. Piper Sandler raised their price objective on Zillow Group from $70.00 to $72.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. DA Davidson reiterated a buy rating and issued a $63.00 target price on shares of Zillow Group in a report on Friday, April 5th. Canaccord Genuity Group decreased their price target on Zillow Group from $58.00 to $50.00 and set a hold rating on the stock in a report on Monday, April 29th. Finally, Royal Bank of Canada dropped their price objective on shares of Zillow Group from $66.00 to $60.00 and set an outperform rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group presently has an average rating of Moderate Buy and a consensus target price of $57.25.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $40.07 on Thursday. The company has a current ratio of 3.32, a quick ratio of 3.24 and a debt-to-equity ratio of 0.21. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23. The stock has a 50 day moving average of $47.44 and a 200 day moving average of $47.55. The firm has a market cap of $9.36 billion, a PE ratio of -58.07 and a beta of 1.87.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The firm had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. On average, research analysts expect that Zillow Group will post -0.18 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now owns 5,652 shares of the company’s stock, valued at approximately $320,411.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Susan Daimler sold 15,206 shares of Zillow Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the transaction, the insider now directly owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 93,750 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $56.69, for a total value of $5,314,687.50. Following the sale, the director now owns 5,652 shares of the company’s stock, valued at approximately $320,411.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,289 shares of company stock worth $9,642,508. Company insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in Zillow Group during the fourth quarter valued at about $26,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Zillow Group in the 4th quarter valued at about $31,000. Fidelis Capital Partners LLC bought a new stake in shares of Zillow Group in the 1st quarter valued at about $32,000. Quadrant Capital Group LLC grew its position in shares of Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after buying an additional 237 shares during the last quarter. Finally, CWM LLC lifted its position in Zillow Group by 100.0% during the third quarter. CWM LLC now owns 1,222 shares of the technology company’s stock valued at $55,000 after acquiring an additional 611 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

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.