Zillow Group (NASDAQ:Z) Cut to Hold at Evercore

Zillow Group (NASDAQ:Z) was downgraded by research analysts at Evercore from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms also recently commented on Z. UBS Group dropped their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Jefferies Financial Group lowered their price objective on Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a report on Friday, May 8th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Zillow Group from $50.00 to $37.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.88.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $33.43 on Thursday. Zillow Group has a 52-week low of $29.23 and a 52-week high of $93.88. The company has a market capitalization of $7.65 billion, a PE ratio of 151.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.98. The company has a fifty day moving average of $33.08 and a 200-day moving average of $41.59.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.10 million. Zillow Group had a return on equity of 2.27% and a net margin of 1.96%. On average, equities analysts forecast that Zillow Group will post 0.9 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, CEO Jeremy Wacksman sold 9,072 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.54, for a total value of $331,490.88. Following the sale, the chief executive officer owned 153,699 shares in the company, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Bradley D. Owens sold 3,364 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $37.23, for a total value of $125,241.72. Following the completion of the sale, the general counsel directly owned 65,245 shares of the company’s stock, valued at approximately $2,429,071.35. The trade was a 4.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 42,910 shares of company stock worth $1,605,732. 25.03% of the stock is owned by corporate insiders.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in Z. Tiger Global Management LLC lifted its position in shares of Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after purchasing an additional 1,312,000 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Zillow Group by 11.4% in the 4th quarter. Baillie Gifford & Co. now owns 739,270 shares of the financial services provider’s stock valued at $50,433,000 after purchasing an additional 75,682 shares during the last quarter. IFP Advisors Inc increased its position in shares of Zillow Group by 17,458.4% during the fourth quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock worth $5,043,000 after buying an additional 73,500 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Zillow Group during the first quarter worth $1,743,000. Finally, Emmett Investment Management LP raised its stake in Zillow Group by 353.9% during the first quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock worth $3,897,000 after buying an additional 75,036 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

More Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Second-quarter results exceeded estimates. Zillow reported adjusted EPS of $0.52 versus the $0.45 consensus and revenue of $772 million versus expectations of $758.1 million. Revenue increased 18% year over year, providing evidence of continued demand for the company’s services. Zillow Surpasses Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Management is reshaping its leadership structure. CFO Jeremy Hofmann will also become chief operating officer, while Cassandra Knight becomes Zillow’s first chief legal and policy officer. The changes could improve execution, but they also highlight a period of significant organizational change. Zillow Strengthens Executive Leadership Team
• Negative Sentiment: Forward guidance came in below analyst expectations. Zillow forecast third-quarter revenue of $745 million to $760 million, below the $772.3 million consensus, and full-year revenue of $2.9 billion to $3.0 billion, roughly below or at the low end of the $3.0 billion estimate. The soft outlook drove after-hours selling. Zillow Stock Slides on Soft Outlook
• Negative Sentiment: Restructuring costs pushed Zillow to a loss. The company posted a $4 million net loss despite higher revenue, as $36 million in restructuring expenses weighed on results. Zillow also plans to eliminate just over 500 jobs, or about 7% of its workforce, underscoring management’s concern about a flat housing market. Zillow Layoffs Amid Flat Housing Market
• Negative Sentiment: Housing indicators point to a slower second half. July home sales rose 7% year over year, but sharply lower newly pending sales and higher mortgage rates suggest the improvement may not persist. Zacks also downgraded Zillow from “strong buy” to “hold.” Zillow July Market Report
• Negative Sentiment: Several law firms are promoting a securities-fraud class action involving investors who purchased Zillow shares between February 11, 2025 and May 7, 2026. The August 10 lead-plaintiff deadline adds reputational and potential legal-risk overhang, although the allegations have not been proven. Zillow Securities Class Action Deadline

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.