Zillow Group (NASDAQ:ZG) Given New $75.00 Price Target at Susquehanna

Zillow Group (NASDAQ:ZG - Free Report) had its price objective lifted by Susquehanna from $55.00 to $75.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company's stock.

Other equities analysts also recently issued reports about the company. Cantor Fitzgerald reissued a "neutral" rating and set a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. Canaccord Genuity Group increased their target price on Zillow Group from $56.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday. Benchmark increased their target price on Zillow Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their target price on Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $67.17.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $1.94 on Monday, hitting $73.20. The stock had a trading volume of 631,961 shares, compared to its average volume of 625,972. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of -128.42 and a beta of 2.02. The company has a current ratio of 3.13, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group has a 52-week low of $34.33 and a 52-week high of $73.35. The company's 50 day moving average price is $60.00 and its 200 day moving average price is $50.83.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm's revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS. On average, research analysts anticipate that Zillow Group will post -0.33 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the firm's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jeremy Wacksman sold 4,480 shares of Zillow Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $52.83, for a total transaction of $236,678.40. Following the sale, the chief executive officer now directly owns 174,439 shares of the company's stock, valued at approximately $9,215,612.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction dated 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 approximately $3,740,787.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,596 shares of company stock valued at $3,938,581 over the last three months. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Zillow Group in the third quarter valued at approximately $29,000. EntryPoint Capital LLC acquired a new position in Zillow Group in the first quarter valued at approximately $53,000. GAMMA Investing LLC boosted its stake in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock valued at $75,000 after acquiring an additional 561 shares during the period. Signaturefd LLC boosted its stake in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after acquiring an additional 360 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of Zillow Group during the third quarter valued at approximately $231,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.