Zillow Group's (ZG) "Overweight" Rating Reiterated at Piper Sandler

Zillow Group (NASDAQ:ZG - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Piper Sandler in a research note issued on Thursday,Benzinga reports. They currently have a $73.00 price objective on the technology company's stock, up from their prior price objective of $62.00. Piper Sandler's price target suggests a potential upside of 4.15% from the company's current price.

Several other brokerages also recently weighed in on ZG. Craig Hallum upped their price target on Zillow Group from $51.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. UBS Group upped their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. Benchmark upped their price objective on Zillow Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Finally, Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given 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 $65.28.

Zillow Group Trading Up 25.0 %

Shares of ZG stock traded up $14.01 on Thursday, hitting $70.09. The stock had a trading volume of 1,571,827 shares, compared to its average volume of 624,261. The company's 50 day moving average price is $58.92 and its 200-day moving average price is $50.17. 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 1 year low of $34.33 and a 1 year high of $71.28. The firm has a market capitalization of $16.22 billion, a P/E ratio of -114.25 and a beta of 2.02.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share 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 company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same quarter in the prior year, the business earned ($0.05) EPS. Zillow Group's revenue was up 13.0% on a year-over-year basis. Analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now directly owns 582 shares of the company's stock, valued at approximately $29,583.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dan Spaulding sold 2,991 shares of the firm'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 completion of the sale, the insider now directly owns 70,342 shares of the company's stock, valued at $3,740,787.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the sale, the chairman now directly owns 582 shares of the company's stock, valued at $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 217,949 shares of company stock valued at $11,580,982. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company's stock worth $210,000 after acquiring an additional 421 shares during the last quarter. Creative Planning raised its holdings in shares of Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company's stock worth $405,000 after acquiring an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group in the third quarter worth $29,000. Finally, Wedmont Private Capital raised its holdings in shares of Zillow Group by 4.2% in the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company's stock worth $610,000 after acquiring an additional 504 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Company Profile

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.