Zillow Group, Inc. (NASDAQ:ZG) Receives $83.00 Average PT from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $83.00.

ZG has been the subject of a number of analyst reports. Piper Sandler decreased their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Canaccord Genuity Group upped their target price on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Barclays upped their target price on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Zillow Group Stock Down 4.5 %

NASDAQ ZG opened at $72.04 on Thursday. The stock has a market cap of $17.47 billion, a PE ratio of -153.28, a P/E/G ratio of 8.90 and a beta of 2.09. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The business has a 50 day moving average price of $75.33 and a two-hundred day moving average price of $67.24.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts anticipate that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,838 shares of company stock valued at $4,617,389. Corporate insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in Zillow Group by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock valued at $84,000 after buying an additional 138 shares in the last quarter. Jones Financial Companies Lllp lifted 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 valued at $58,000 after purchasing an additional 159 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group in the 4th quarter worth about $27,000. Finally, Barrier Capital Management LLC lifted its stake in Zillow Group by 0.4% in the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock worth $7,879,000 after acquiring an additional 400 shares in the last quarter. 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.