Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) CAO Jennifer Rock sold 2,640 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $44.17, for a total transaction of $116,608.80. Following the completion of the transaction, the chief accounting officer now directly owns 83,744 shares in the company, valued at $3,698,972.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Zillow Group Trading Down 1.3 %
Shares of NASDAQ:ZG traded down $0.56 on Friday, hitting $43.35. The company’s stock had a trading volume of 384,802 shares, compared to its average volume of 680,658. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. The company has a 50-day simple moving average of $45.19 and a 200 day simple moving average of $47.85. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23.
Zillow Group (NASDAQ:ZG – Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. The business had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. As a group, research analysts anticipate that Zillow Group, Inc. will post -0.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $63.00 target price on shares of Zillow Group in a research note on Friday, April 5th. Royal Bank of Canada decreased their target price on Zillow Group from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Susquehanna increased their price target on Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Craig Hallum dropped their price objective on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Zillow Group in a research report on Tuesday, April 30th. 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. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $57.40.
About Zillow Group
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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