Zillow Group, Inc. (NASDAQ:ZG) Short Interest Update

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,310,000 shares, a growth of 29.7% from the October 31st total of 1,010,000 shares. Approximately 2.5% of the company's shares are short sold. Based on an average daily volume of 538,200 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada increased their price target on Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Canaccord Genuity Group lifted their target price on Zillow Group from $56.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. JMP Securities increased their price target on Zillow Group from $62.00 to $82.00 and gave the stock a "market outperform" rating in a report on Thursday, November 7th. Susquehanna lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Finally, Piper Sandler reissued an "overweight" rating and set a $73.00 target price (up from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.65.

Zillow Group Stock Performance

NASDAQ ZG traded down $0.80 during trading on Friday, hitting $81.53. 268,689 shares of the company's stock traded hands, compared to its average volume of 621,422. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of -144.44 and a beta of 2.02. Zillow Group has a 12-month low of $38.06 and a 12-month high of $83.67. The business has a 50 day moving average of $65.22 and a 200-day moving average of $53.84.

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, topping the consensus estimate of $0.32 by $0.03. The firm 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 business's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) earnings per share. As a group, equities research analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,175 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,481,540.32. This represents a 6.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Daimler sold 3,484 shares of Zillow Group stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12. Following the transaction, 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. Over the last three months, insiders sold 160,439 shares of company stock worth $11,576,823. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group during the third quarter worth about $29,000. GAMMA Investing LLC grew 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 worth $75,000 after buying an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group in the 3rd quarter worth $95,000. Signaturefd LLC raised its position 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 buying an additional 360 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Zillow Group during the 3rd quarter worth $212,000. 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.