Analysts Set Zillow Group, Inc. (NASDAQ:ZG) Target Price at $85.52

by · The Cerbat Gem

Shares of Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) have received an average recommendation of “Moderate Buy” from the thirty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $85.0769.

Several brokerages have recently issued reports on ZG. Mizuho reissued a “neutral” rating and set a $70.00 price target (down previously from $100.00) on shares of Zillow Group in a report on Friday, January 9th. Citizens Jmp dropped their price objective on shares of Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a report on Monday, January 12th. Cantor Fitzgerald reduced their target price on shares of Zillow Group from $74.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Piper Sandler restated an “overweight” rating and issued a $85.00 target price (down previously from $94.00) on shares of Zillow Group in a research report on Friday, October 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $78.00 price target on shares of Zillow Group in a research note on Friday, October 31st.

Check Out Our Latest Research Report on ZG

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 5,455 shares of Zillow Group stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.40, for a total transaction of $378,577.00. Following the transaction, the insider directly owned 50,342 shares of the company’s stock, valued at $3,493,734.80. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erik C. Blachford sold 965 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total transaction of $69,972.15. Following the completion of the sale, the director owned 33,543 shares in the company, valued at approximately $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 67,511 shares of company stock worth $4,766,357 over the last quarter. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 187 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Zillow Group by 23.1% during the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after acquiring an additional 194 shares in the last quarter. Group One Trading LLC raised its holdings in shares of Zillow Group by 884.7% during the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after acquiring an additional 1,327 shares in the last quarter. Lavaca Capital LLC boosted its position in Zillow Group by 67.0% during the second quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock valued at $114,000 after purchasing an additional 670 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Zillow Group by 207.0% in the second quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,335 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Up 0.7%

Shares of NASDAQ:ZG traded up $0.49 during trading on Friday, hitting $67.66. 430,668 shares of the company traded hands, compared to its average volume of 747,025. The business’s fifty day moving average is $69.21 and its 200-day moving average is $73.90. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of -483.25, a PEG ratio of 3.75 and a beta of 2.03. Zillow Group has a one year low of $56.63 and a one year high of $90.22.

Zillow Group (NASDAQ:ZG – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, analysts forecast that Zillow Group will post 0.32 EPS for the current year.

Zillow Group Company Profile

(Get Free Report)

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.

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