Zillow Group, Inc. (NASDAQ:ZG) Receives $60.94 Consensus Target Price from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) have earned an average rating of "Moderate Buy" from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $60.94.

A number of brokerages have recently commented on ZG. Barclays increased their price objective on Zillow Group from $35.00 to $36.00 and gave the company an "underweight" rating in a report on Thursday, August 8th. Benchmark raised their target price on Zillow Group from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 8th. JMP Securities reiterated a "market outperform" rating and issued a $62.00 price objective on shares of Zillow Group in a research report on Wednesday, October 9th. Craig Hallum raised their target price on Zillow Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th.

Insider Activity

In other news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now owns 70,342 shares in the company, valued at approximately $3,740,787.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dan Spaulding sold 2,991 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total value of $159,061.38. Following the sale, the insider now directly owns 70,342 shares in the company, valued at $3,740,787.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares of the company's stock, valued at $379,983.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock valued at $11,780,363 over the last quarter. 17.14% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company's stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the period. Principal Financial Group Inc. acquired a new stake in Zillow Group in the 1st quarter valued at $219,000. Naples Money Management LLC acquired a new stake in Zillow Group in the 1st quarter valued at $1,230,000. Fidelis Capital Partners LLC acquired a new stake in Zillow Group in the 1st quarter valued at $32,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Zillow Group in the 1st quarter valued at $84,000. 20.32% of the stock is owned by institutional investors.

Zillow Group Stock Up 1.7 %

Zillow Group stock traded up $1.03 during mid-day trading on Friday, hitting $61.67. The company's stock had a trading volume of 310,429 shares, compared to its average volume of 627,861. The firm's 50 day moving average is $57.56 and its 200 day moving average is $48.87. The company has a market cap of $14.57 billion, a PE ratio of -89.38 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group has a 52-week low of $33.23 and a 52-week high of $66.75.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million during the quarter, compared to the consensus estimate of $538.36 million. During the same period in the prior year, the business earned ($0.05) EPS. The business's revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.

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.