Zillow Group, Inc. (NASDAQ:ZG) Receives $73.00 Average Target Price from Analysts

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $73.00.

Several research firms have recently commented on ZG. DA Davidson boosted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Royal Bank of Canada boosted their target price on Zillow Group from $66.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price target on Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. Evercore ISI lifted their price target on Zillow Group from $55.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Barclays increased their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, November 8th.

Insider Transactions at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,846 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total transaction of $134,813.38. Following the sale, the general counsel now directly owns 29,893 shares in the company, valued at approximately $2,183,085.79. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,689 shares of company stock worth $10,395,879. 17.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the third quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $47,000. Versant Capital Management Inc bought a new stake in Zillow Group in the 4th quarter valued at $72,000. Finally, GAMMA Investing LLC raised its stake in Zillow Group by 86.7% in the 3rd 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. Institutional investors own 20.32% of the company's stock.

Zillow Group Price Performance

Shares of ZG stock traded up $0.06 on Friday, reaching $76.83. 183,409 shares of the company's stock traded hands, compared to its average volume of 314,619. The business's 50 day moving average price is $75.13 and its two-hundred day moving average price is $62.80. 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 has a 12-month low of $38.06 and a 12-month high of $83.67.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for 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 quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Research analysts forecast that Zillow Group will post -0.36 EPS 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.