Zillow Group (NASDAQ:ZG) Stock Price Expected to Rise, Citigroup Analyst Says

Zillow Group (NASDAQ:ZG - Get Free Report) had its price target raised by research analysts at Citigroup from $95.00 to $98.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Citigroup's target price points to a potential upside of 27.45% from the stock's previous close.

A number of other research firms have also recently weighed in on ZG. Susquehanna raised their price target on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday. Craig Hallum raised their price target on shares of Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. JMP Securities raised their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Barclays lifted their target price on shares of Zillow Group from $36.00 to $50.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group lifted their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Zillow Group Stock Up 2.0 %

NASDAQ ZG traded up $1.49 during trading on Thursday, reaching $76.89. 721,245 shares of the company's stock traded hands, compared to its average volume of 355,962. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of -134.89, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The company's 50 day simple moving average is $75.58 and its two-hundred day simple moving average is $66.25. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, sell-side analysts forecast that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Activity

In related news, insider Dan Spaulding sold 4,565 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company's stock, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,838 shares of company stock valued at $6,619,079 in the last three months. 17.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its stake in Zillow Group by 59.6% during the 4th quarter. Quantinno Capital Management LP now owns 8,384 shares of the technology company's stock worth $594,000 after purchasing an additional 3,130 shares during the last quarter. Nia Impact Advisors LLC boosted its stake in Zillow Group by 9.0% during the 4th quarter. Nia Impact Advisors LLC now owns 34,715 shares of the technology company's stock worth $2,460,000 after purchasing an additional 2,862 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Zillow Group during the 4th quarter worth $418,000. Nellore Capital Management LLC acquired a new stake in Zillow Group during the 4th quarter worth $6,823,000. Finally, Occudo Quantitative Strategies LP boosted its stake in Zillow Group by 38.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 14,361 shares of the technology company's stock worth $1,017,000 after purchasing an additional 3,972 shares during the last quarter. Hedge funds and other 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.