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

Shares of Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $72.12.

Several equities research analysts have weighed in on ZG shares. Cantor Fitzgerald restated a "neutral" rating and set a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. UBS Group raised their target price on shares of Zillow Group from $70.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Evercore ISI boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. DA Davidson raised their price objective on shares of Zillow Group from $71.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Wedbush raised shares of Zillow Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th.

Insiders Place Their Bets

In other news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now directly owns 2,826 shares in the company, valued at $172,696.86. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Daimler sold 3,484 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the sale, the insider now owns 22,464 shares in the company, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,591 shares of company stock worth $11,892,886. Corporate insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC lifted its position in Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock worth $12,929,000 after buying an additional 118,830 shares during the period. Synergy Financial Group LTD acquired a new position in shares of Zillow Group during the 3rd quarter valued at about $271,000. Geode Capital Management LLC lifted its holdings in shares of Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock worth $63,523,000 after acquiring an additional 32,766 shares during the period. M&T Bank Corp acquired a new stake in shares of Zillow Group in the third quarter worth approximately $258,000. Finally, State Street Corp grew its holdings in Zillow Group by 0.4% in the third quarter. State Street Corp now owns 805,279 shares of the technology company's stock valued at $49,871,000 after purchasing an additional 2,832 shares during the period. Hedge funds and other institutional investors own 20.32% of the company's stock.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $1.02 on Friday, reaching $79.28. The company had a trading volume of 318,326 shares, compared to its average volume of 569,867. The firm's 50 day moving average price is $67.11 and its two-hundred day moving average price is $55.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data 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. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million during the quarter, compared to analysts' expectations of $555.45 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company's revenue was up 17.1% on a year-over-year basis. As a group, sell-side analysts forecast that Zillow Group will post -0.34 earnings per share for the current fiscal year.

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.