KeyCorp Issues Pessimistic Forecast for Zillow Group (NASDAQ:ZG) Stock Price

Zillow Group (NASDAQ:ZG - Get Free Report) had its price objective lowered by KeyCorp from $95.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. KeyCorp's price objective would indicate a potential upside of 21.81% from the stock's current price.

Other research analysts have also issued reports about the stock. Susquehanna lifted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Piper Sandler decreased their price target on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Cantor Fitzgerald lifted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. JMP Securities lifted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Finally, UBS Group lifted their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $82.25.

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Zillow Group Trading Up 0.7 %

ZG stock traded up $0.51 during mid-day trading on Tuesday, hitting $69.78. 1,407,857 shares of the company were exchanged, compared to its average volume of 577,867. The company has a market capitalization of $16.93 billion, a PE ratio of -148.47, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group has a twelve month low of $38.06 and a twelve month high of $86.58. The firm has a fifty day simple moving average of $74.99 and a 200 day simple moving average of $69.95.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, sell-side analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,065 shares of company stock worth $7,660,165. 17.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group in the fourth quarter worth approximately $27,000. Blue Trust Inc. increased its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Asset Dedication LLC purchased a new position in shares of Zillow Group in the fourth quarter worth approximately $47,000. Assetmark Inc. increased its position in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after acquiring an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds 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.