Zillow Group (NASDAQ:ZG) Price Target Raised to $92.00 at JMP Securities

Zillow Group (NASDAQ:ZG - Free Report) had its price target lifted by JMP Securities from $82.00 to $92.00 in a report issued on Monday,Benzinga reports. They currently have a market outperform rating on the technology company's stock.

A number of other equities analysts also recently issued reports on ZG. Royal Bank of Canada upped their price target on Zillow Group from $66.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. DA Davidson lifted their price objective on Zillow Group from $71.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Barclays lifted their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. Finally, Craig Hallum lifted their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $72.71.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $1.62 during trading on Monday, reaching $78.46. 259,781 shares of the stock traded hands, compared to its average volume of 608,067. The business has a fifty day simple moving average of $68.74 and a two-hundred day simple moving average of $56.94. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. 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 company has a market capitalization of $18.33 billion, a price-to-earnings ratio of -134.81 and a beta of 2.08.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS. Sell-side analysts expect that Zillow Group will post -0.34 EPS for the current year.

Insider Activity at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 78.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Daimler sold 3,694 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,314 shares of company stock valued at $11,782,498. Corporate insiders own 17.14% of the company's stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Virtu Financial LLC grew its position in shares of Zillow Group by 132.1% during the 3rd 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 Zillow Group in the third quarter valued at about $271,000. Geode Capital Management LLC increased its holdings in shares of Zillow Group by 3.3% in the third 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 in the last quarter. M&T Bank Corp acquired a new stake in Zillow Group during the 3rd quarter worth approximately $258,000. Finally, State Street Corp increased its position in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company's stock worth $49,871,000 after acquiring an additional 2,832 shares in 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.