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

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $73.00.

ZG has been the topic of a number of recent research reports. JMP Securities increased their price objective on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Evercore ISI increased their price objective on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler increased their price objective on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. UBS Group increased their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group raised their price target on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd.

Zillow Group Stock Up 0.1 %

Shares of NASDAQ ZG opened at $76.83 on Friday. Zillow Group has a one year low of $38.06 and a one year high of $83.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The business’s fifty day moving average price is $75.13 and its 200-day moving average price is $62.80. The stock has a market capitalization of $17.94 billion, a PE ratio of -134.79, a P/E/G ratio of 10.31 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, equities research analysts anticipate that Zillow Group will post -0.36 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,689 shares of company stock worth $10,395,879 in the last ninety days. 17.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Cynosure Group LLC purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $12,248,000. Mirabella Financial Services LLP purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $9,813,000. Virtu Financial LLC lifted its stake in shares of Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after purchasing an additional 118,830 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after purchasing an additional 111,743 shares during the period. 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.