Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have received an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $83.00.

ZG has been the topic of several recent research reports. Piper Sandler reduced their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Cantor Fitzgerald increased their price objective on Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Evercore ISI increased their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Bank of America increased their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, DA Davidson increased their price objective on Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,065 shares of company stock valued at $7,660,165. Corporate insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Several large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after acquiring an additional 138 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares during the period. Blue Trust Inc. grew its holdings in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group during the fourth quarter valued at about $27,000. Finally, Barrier Capital Management LLC grew its holdings in Zillow Group by 0.4% during the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock valued at $7,879,000 after purchasing an additional 400 shares during the period. Institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

ZG opened at $68.50 on Monday. The stock’s 50 day simple moving average is $75.03 and its 200 day simple moving average is $69.52. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of -145.74, a PEG ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

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.