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

Zillow Group (NASDAQ:ZG - Free Report) had its price objective lifted by Cantor Fitzgerald from $62.00 to $70.00 in a research report report published on Wednesday morning,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the technology company's stock.

A number of other research firms have also weighed in on ZG. Canaccord Genuity Group lifted their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. UBS Group raised their target price on Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 27th. KeyCorp raised Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 target price for the company in a report on Monday, February 3rd. Susquehanna raised their target price on Zillow Group from $55.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Finally, Robert W. Baird initiated coverage on Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Zillow Group Stock Performance

NASDAQ:ZG traded up $1.49 during midday trading on Wednesday, reaching $76.89. The stock had a trading volume of 721,245 shares, compared to its average volume of 355,962. The firm has a fifty day simple moving average of $75.58 and a two-hundred day simple moving average of $65.99. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market cap of $17.96 billion, a P/E ratio of -134.89, a P/E/G ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 17,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares of the company's stock, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the sale, the chief operating officer now directly owns 88,130 shares in the company, valued at approximately $6,618,563. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,838 shares of company stock valued at $6,619,079 in the last three months. Corporate insiders own 17.14% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in ZG. Schonfeld Strategic Advisors LLC grew its stake in Zillow Group by 2,728.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company's stock worth $6,858,000 after buying an additional 93,378 shares during the last quarter. Northern Trust Corp grew its stake in shares of Zillow Group by 2.5% in the fourth quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock worth $17,505,000 after purchasing an additional 6,088 shares in the last quarter. Empire Financial Management Company LLC bought a new position in shares of Zillow Group in the fourth quarter worth $1,771,000. Price T Rowe Associates Inc. MD grew its stake in shares of Zillow Group by 8.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,993 shares of the technology company's stock worth $2,551,000 after purchasing an additional 2,673 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Zillow Group by 35.8% in the fourth quarter. Hsbc Holdings PLC now owns 6,454 shares of the technology company's stock worth $457,000 after purchasing an additional 1,703 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.