Zillow Group, Inc. (NASDAQ:ZG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $59.27.

ZG has been the topic of a number of recent analyst reports. Craig Hallum lifted their price target on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group lifted their price target on Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 target price on shares of Zillow Group in a research report on Monday. DA Davidson reissued a “buy” rating and issued a $52.00 target price on shares of Zillow Group in a research report on Tuesday, June 18th. Finally, Benchmark raised their target price on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday.

Zillow Group Stock Up 18.2 %

ZG stock opened at $47.70 on Friday. Zillow Group has a twelve month low of $33.23 and a twelve month high of $59.23. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $45.71 and its 200-day moving average is $47.18. The firm has a market capitalization of $11.27 billion, a PE ratio of -69.13 and a beta of 2.05.

Insider Activity

In other news, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the sale, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the sale, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag bought 1,000,000 shares of the stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $42.27 per share, with a total value of $42,270,000.00. Following the purchase, the director now owns 652,520 shares in the company, valued at approximately $27,582,020.40. The disclosure for this purchase can be found here. In the last quarter, insiders sold 60,041 shares of company stock valued at $2,637,477. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Zillow Group during the 4th quarter worth approximately $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of Zillow Group in the 1st quarter worth approximately $32,000. Quadrant Capital Group LLC grew its stake 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. EntryPoint Capital LLC purchased a new stake in shares of Zillow Group in the 1st quarter worth approximately $53,000. Finally, Signaturefd LLC grew its stake in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.