Zillow Group (NASDAQ:ZG) Price Target Cut to $90.00 by Analysts at Piper Sandler

Zillow Group (NASDAQ:ZG - Free Report) had its price target cut by Piper Sandler from $93.00 to $90.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the technology company's stock.

Several other brokerages also recently weighed in on ZG. Susquehanna upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. KeyCorp upgraded Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 price target on the stock in a report on Monday, February 3rd. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. Robert W. Baird started coverage on Zillow Group in a report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price objective on the stock. Finally, JMP Securities increased their price objective on Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. One equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Zillow Group Stock Up 2.0 %

NASDAQ ZG traded up $1.49 on Wednesday, reaching $76.89. 721,245 shares of the company were exchanged, compared to its average volume of 355,962. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The business's fifty day moving average price is $75.58 and its 200 day moving average price is $66.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. Equities analysts expect that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group in the fourth quarter valued at $27,000. Blue Trust Inc. boosted its holdings in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new position in Zillow Group in the fourth quarter valued at $47,000. Assetmark Inc. boosted its holdings in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after acquiring an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares during the last quarter. 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.