Zillow Group (NASDAQ:ZG) Raised to “Strong-Buy” at Zacks Research

Zillow Group (NASDAQ:ZG) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Zillow Group from $67.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Evercore restated an “outperform” rating on shares of Zillow Group in a research report on Tuesday, March 17th. Sanford C. Bernstein upgraded Zillow Group from an “outperform” rating to a “buy” rating in a research note on Tuesday, May 26th. Cantor Fitzgerald reduced their price target on Zillow Group from $56.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Barclays lowered their price target on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.48.

Zillow Group Trading Down 0.8%

Zillow Group stock opened at $32.69 on Monday. Zillow Group has a 12 month low of $29.03 and a 12 month high of $90.22. The stock’s 50 day simple moving average is $36.15 and its two-hundred day simple moving average is $46.94. The firm has a market cap of $7.48 billion, a PE ratio of 130.76, a P/E/G ratio of 1.41 and a beta of 1.95.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The firm had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.17 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities research analysts forecast that Zillow Group will post 0.9 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, Director Erik C. Blachford sold 791 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $34.80, for a total transaction of $27,526.80. Following the completion of the transaction, the director owned 34,952 shares of the company’s stock, valued at $1,216,329.60. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the transaction, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 42,910 shares of company stock worth $1,605,732 in the last quarter. Corporate insiders own 29.88% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZG. DoubleLine ETF Adviser LP raised its position in shares of Zillow Group by 4.9% in the third quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after buying an additional 150 shares during the last quarter. Signaturefd LLC boosted its position in Zillow Group by 10.4% during the fourth quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock worth $117,000 after acquiring an additional 161 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Zillow Group by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company’s stock valued at $147,000 after acquiring an additional 198 shares in the last quarter. Lido Advisors LLC raised its holdings in Zillow Group by 0.4% in the 4th quarter. Lido Advisors LLC now owns 50,846 shares of the technology company’s stock valued at $3,627,000 after acquiring an additional 215 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in Zillow Group by 1.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 18,217 shares of the technology company’s stock valued at $1,248,000 after acquiring an additional 247 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Key Headlines Impacting Zillow Group

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

• Positive Sentiment: Wells Fargo raised its price target on Zillow Group to $46 from $45, indicating modestly improved valuation expectations despite maintaining an equal-weight rating.
• Positive Sentiment: Zillow’s June Market Report showed home sales up 5.9% year over year and new listings up 3%, signaling a possible pickup in housing activity that could benefit the platform. Article Title
• Neutral Sentiment: Zillow said it will announce second-quarter 2026 results on August 5, which could become the next major catalyst for the stock as investors look for signs of revenue and margin momentum. Article Title
• Negative Sentiment: New securities-fraud lawsuits and repeated deadline reminders create legal and regulatory overhang for Zillow Group, increasing uncertainty and potentially weighing on investor confidence. Article Title

About Zillow Group

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.