Zillow Group's (ZG) Neutral Rating Reiterated at Cantor Fitzgerald

Zillow Group (NASDAQ:ZG - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $47.00 target price on the technology company's stock. Cantor Fitzgerald's target price indicates a potential downside of 24.22% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Susquehanna boosted their price target on shares of Zillow Group from $42.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Craig Hallum upped their price target on shares of Zillow Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Wedbush upgraded Zillow Group from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Benchmark increased their price objective on Zillow Group from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada increased their price target on Zillow Group from $60.00 to $66.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.94.

Zillow Group Trading Down 2.3 %

NASDAQ:ZG traded down $1.46 during midday trading on Monday, hitting $62.02. The stock had a trading volume of 182,807 shares, compared to its average volume of 641,767. Zillow Group has a one year low of $33.23 and a one year high of $66.75. The stock has a 50-day moving average of $53.17 and a 200 day moving average of $47.57. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of -90.22 and a beta of 2.00. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

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

Insider Activity at Zillow Group

In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the transaction, the director now owns 2,826 shares of the company's stock, valued at $172,696.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now owns 2,826 shares in the company, valued at $172,696.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock worth $11,780,363 in the last three months. 17.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently added to or reduced their stakes in the stock. Garde Capital Inc. lifted its position in Zillow Group by 132.7% during the 2nd quarter. Garde Capital Inc. now owns 139,805 shares of the technology company's stock worth $6,297,000 after acquiring an additional 79,733 shares during the period. Scientech Research LLC acquired a new stake in Zillow Group during the 2nd quarter valued at approximately $211,000. Selkirk Management LLC boosted its holdings in shares of Zillow Group by 37.4% in the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company's stock valued at $14,449,000 after acquiring an additional 87,300 shares during the last quarter. Mark Asset Management LP purchased a new position in shares of Zillow Group during the second quarter worth $4,524,000. Finally, Thrivent Financial for Lutherans lifted its position in Zillow Group by 155.2% during the second quarter. Thrivent Financial for Lutherans now owns 73,933 shares of the technology company's stock valued at $3,330,000 after purchasing an additional 44,959 shares during the period. 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.

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