Benchmark Forecasts Strong Price Appreciation for Zillow Group (NASDAQ:ZG) Stock

Zillow Group (NASDAQ:ZG - Free Report) had its price target lifted by Benchmark from $80.00 to $100.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

Several other brokerages have also issued reports on ZG. DA Davidson increased their target price on shares of Zillow Group from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. UBS Group boosted their price objective on Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 27th. Craig Hallum increased their target price on Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Evercore ISI boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Zillow Group Trading Up 0.5 %

NASDAQ ZG traded up $0.39 on Wednesday, hitting $84.46. 762,381 shares of the company's stock were exchanged, compared to its average volume of 355,962. The stock has a 50-day moving average of $75.62 and a 200-day moving average of $65.01. Zillow Group has a 52 week low of $38.06 and a 52 week high of $85.33. 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 issued its earnings results 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. 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%. The company's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. On average, analysts expect that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now owns 31,739 shares in the company, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,689 shares of company stock worth $12,520,379. 17.14% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

Several institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new position in Zillow Group in the third quarter valued at approximately $29,000. Blue Trust Inc. boosted its stake in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC purchased a new position in Zillow Group in the fourth quarter valued at $47,000. Assetmark Inc. boosted its stake in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after acquiring an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after buying an additional 159 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.