Benchmark Reiterates “Buy” Rating for Zillow Group (NASDAQ:ZG)

Benchmark restated their buy rating on shares of Zillow Group (NASDAQ:ZG) in a report issued on Tuesday morning, Benzinga reports. The firm currently has a $60.00 price objective on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. JMP Securities reiterated a market outperform rating and issued a $68.00 price target on shares of Zillow Group in a research report on Friday, April 12th. Barclays increased their target price on shares of Zillow Group from $32.00 to $40.00 and gave the stock an underweight rating in a research report on Wednesday, February 21st. Canaccord Genuity Group lowered their price target on Zillow Group from $58.00 to $50.00 and set a hold rating for the company in a research note on Monday. Susquehanna upped their price target on shares of Zillow Group from $36.00 to $60.00 and gave the company a neutral rating in a report on Thursday, February 15th. Finally, Piper Sandler upped their target price on Zillow Group from $70.00 to $72.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $57.25.

Zillow Group Stock Down 5.4 %

Zillow Group stock opened at $39.19 on Tuesday. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The firm has a 50-day moving average price of $47.91 and a two-hundred day moving average price of $47.61.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.30% and a negative net margin of 7.93%. The firm had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. As a group, equities analysts predict that Zillow Group will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $320,411.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 over the last 90 days. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in shares of Zillow Group by 100.0% during the 3rd quarter. CWM LLC now owns 1,222 shares of the technology company’s stock worth $55,000 after acquiring an additional 611 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Zillow Group by 33.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,003 shares of the technology company’s stock worth $403,000 after buying an additional 2,237 shares during the last quarter. Silvant Capital Management LLC boosted its stake in Zillow Group by 35.9% in the third quarter. Silvant Capital Management LLC now owns 42,836 shares of the technology company’s stock valued at $1,919,000 after buying an additional 11,327 shares in the last quarter. AtonRa Partners acquired a new stake in Zillow Group in the third quarter valued at about $206,000. Finally, Allspring Global Investments Holdings LLC grew its position in Zillow Group by 215.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,252 shares of the technology company’s stock valued at $414,000 after acquiring an additional 6,320 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

About Zillow Group

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.