Zillow Group (NASDAQ:ZG) Downgraded to Hold Rating by Evercore

Evercore lowered shares of Zillow Group (NASDAQ:ZG) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada decreased their target price on Zillow Group from $70.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday. Canaccord Genuity Group dropped their price target on Zillow Group from $52.00 to $40.00 and set a “hold” rating on the stock in a research report on Thursday. KeyCorp cut their price objective on Zillow Group from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday. Susquehanna decreased their price objective on Zillow Group from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.67.

Zillow Group Stock Performance

ZG opened at $33.76 on Thursday. The firm’s fifty day moving average is $33.19 and its two-hundred day moving average is $41.59. The firm has a market cap of $7.72 billion, a PE ratio of 153.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.95. Zillow Group has a twelve month low of $29.03 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.27%. The company had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.25 million. During the same period last year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities analysts forecast that Zillow Group will post 0.9 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, General Counsel Bradley D. Owens sold 3,364 shares of Zillow Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $37.23, for a total value of $125,241.72. Following the sale, the general counsel directly owned 65,245 shares in the company, valued at $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CFO Jeremy Hofmann sold 5,501 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the completion of the sale, the chief financial officer directly owned 68,315 shares in the company, valued at approximately $2,554,981. This represents a 7.45% 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 have sold 42,910 shares of company stock worth $1,605,732. Corporate insiders own 29.88% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Zillow Group by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after buying an additional 3,717 shares during the last quarter. Millennium Management LLC increased its position in shares of Zillow Group by 110.8% in the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after acquiring an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Zillow Group by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock valued at $5,878,000 after acquiring an additional 5,737 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Zillow Group by 5.8% during the second quarter. JPMorgan Chase & Co. now owns 21,093 shares of the technology company’s stock worth $1,445,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Zillow Group by 16.3% during the second quarter. Prudential Financial Inc. now owns 7,933 shares of the technology company’s stock worth $543,000 after acquiring an additional 1,110 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Key Zillow Group News

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

• Positive Sentiment: Zillow reported second-quarter adjusted earnings of $0.52 per share, above the $0.44 consensus estimate, while revenue rose 17.9% year over year to $772 million, exceeding expectations of approximately $758 million. Growth in mortgage and rental businesses supported the performance. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Benchmark maintained a “buy” rating while lowering its price target from $110 to $80, and DA Davidson also reiterated “buy” with a target reduction from $60 to $50. The revised targets still imply substantial upside, although the cuts reflect more cautious valuation assumptions. Benchmark price target update
• Neutral Sentiment: Zillow’s July market report showed home sales increasing 7% year over year, the strongest annual gain of 2026. However, the company said sharply lower newly pending sales and higher mortgage rates point to potentially slower activity in the second half. Zillow July Market Report
• Neutral Sentiment: Zillow expanded CFO Jeremy Hofmann’s role to chief operating officer and appointed Cassandra Knight as chief legal and policy officer, changes intended to support its housing “super app” strategy. Zillow executive leadership changes
• Negative Sentiment: Third-quarter revenue guidance of $745 million to $760 million trailed the $772.3 million consensus estimate, while full-year revenue guidance of $2.9 billion to $3.0 billion was at or below expectations. The company also posted a $4 million net loss, partly due to $36 million in restructuring costs and layoffs. Zillow stock sinks despite Q2 earnings beat
• Negative Sentiment: Analyst sentiment weakened: Susquehanna cut its target to $38 and kept a “neutral” rating, Cantor Fitzgerald lowered its target to $32, and Zacks Research downgraded the stock from “strong buy” to “hold.” Zillow Group stock slides as bear notes pile up
• Negative Sentiment: Multiple law firms are publicizing a securities class action involving alleged investor losses and an August 10 lead-plaintiff deadline, adding legal and reputational overhang. Zillow securities class action deadline

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.