Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $72.71.

A number of brokerages have recently issued reports on ZG. Royal Bank of Canada raised their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Wedbush upgraded shares of 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 report on Monday, September 16th. Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research note on Monday, December 16th. Finally, Craig Hallum increased their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $0.45 during mid-day trading on Wednesday, reaching $70.85. 350,983 shares of the stock traded hands, compared to its average volume of 602,201. The stock has a market capitalization of $16.55 billion, a PE ratio of -124.30 and a beta of 2.08. The business has a 50-day moving average of $71.95 and a 200 day moving average of $59.57. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. On average, analysts predict that Zillow Group will post -0.34 EPS for the current year.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,187 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares of the company's stock, valued at $5,154,026. The trade was a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company's stock, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock valued at $10,395,879 over the last quarter. Company insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after acquiring an additional 360 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake 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 valued at $210,000 after buying an additional 421 shares in the last quarter. Creative Planning raised its holdings in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company's stock valued at $405,000 after buying an additional 439 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the 3rd quarter worth approximately $29,000. Finally, GAMMA Investing LLC boosted its holdings in Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock worth $75,000 after acquiring an additional 561 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

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.