Susquehanna Issues Positive Forecast for Zillow Group (NASDAQ:ZG) Stock Price

Zillow Group (NASDAQ:ZG) had its price objective lifted by Susquehanna from $55.00 to $75.00 in a research report sent to investors on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the technology company’s stock.

ZG has been the topic of a number of other reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. Canaccord Genuity Group boosted their price target on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Craig Hallum boosted their price target on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays boosted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Zillow Group Stock Performance

ZG opened at $73.20 on Monday. The firm has a market capitalization of $16.94 billion, a PE ratio of -128.42 and a beta of 2.02. Zillow Group has a twelve month low of $34.33 and a twelve month high of $73.35. The firm’s 50-day moving average price is $60.00 and its 200 day moving average price is $50.83. The company has a current ratio of 3.13, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts expect that Zillow Group will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 3,208 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $52.84, for a total transaction of $169,510.72. Following the completion of the transaction, the chief accounting officer now owns 76,486 shares in the company, valued at approximately $4,041,520.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 3,208 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $52.84, for a total transaction of $169,510.72. Following the completion of the transaction, the chief accounting officer now owns 76,486 shares of the company’s stock, valued at $4,041,520.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,596 shares of company stock worth $3,938,581. 17.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently added to or reduced their stakes in ZG. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Zillow Group by 146.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 39,741 shares of the technology company’s stock worth $1,902,000 after purchasing an additional 23,612 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Zillow Group during the 1st quarter worth about $218,000. Russell Investments Group Ltd. boosted its stake in shares of Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after purchasing an additional 19,087 shares during the last quarter. US Bancorp DE boosted its stake in shares of Zillow Group by 42.6% during the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock worth $11,775,000 after purchasing an additional 73,504 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Zillow Group by 9.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 73,972 shares of the technology company’s stock worth $3,233,000 after purchasing an additional 6,211 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.