Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nineteen research firms that are presently covering the stock, MarketBeat reports. 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. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $67.17.

Several analysts have recently weighed in on ZG shares. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th. Evercore ISI upped their price objective on Zillow Group from $55.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. JMP Securities lifted their price target on Zillow Group from $62.00 to $82.00 and gave the company a "market outperform" rating in a research report on Thursday, November 7th. DA Davidson raised their price target on Zillow Group from $71.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Piper Sandler restated an "overweight" rating and set a $73.00 price target (up from $62.00) on shares of Zillow Group in a research report on Thursday, November 7th.

Zillow Group Stock Down 1.7 %

Shares of NASDAQ:ZG traded down $1.21 during trading on Tuesday, hitting $71.99. 507,779 shares of the company were exchanged, compared to its average volume of 625,432. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of -128.42 and a beta of 2.02. Zillow Group has a fifty-two week low of $34.33 and a fifty-two week high of $73.89. The firm has a fifty day moving average price of $60.00 and a two-hundred day moving average price of $50.83. 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 (NASDAQ:ZG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The firm's quarterly revenue was up 17.1% on a year-over-year basis. As a group, research analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In other news, CEO Jeremy Wacksman sold 4,480 shares of the firm's 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 transaction, the chief executive officer now directly owns 174,439 shares of the company's stock, valued at approximately $9,215,612.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jeremy Wacksman sold 4,480 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $52.83, for a total transaction of $236,678.40. Following the completion of the transaction, the chief executive officer now directly owns 174,439 shares of the company's stock, valued at $9,215,612.37. This 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 at this link. Also, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now owns 2,826 shares of the company's stock, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,596 shares of company stock worth $3,938,581. Corporate insiders own 17.14% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $29,000. EntryPoint Capital LLC acquired a new position in Zillow Group in the 1st quarter worth about $53,000. Signaturefd LLC grew its stake in Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after buying an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock worth $75,000 after purchasing an additional 561 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in Zillow Group during the first quarter worth approximately $186,000. Institutional investors 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.