Zillow Group (NASDAQ:ZG) Coverage Initiated by Analysts at Robert W. Baird

by · The Markets Daily

Robert W. Baird initiated coverage on shares of Zillow Group (NASDAQ:ZG – Free Report) in a research report sent to investors on Friday, MarketBeat reports. The firm issued a neutral rating and a $88.00 price target on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a research report on Monday, October 7th. Piper Sandler lifted their price objective on shares of Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JMP Securities upped their target price on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Evercore ISI boosted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Susquehanna raised their target price on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.83.

Get Our Latest Report on ZG

Zillow Group Trading Down 2.1 %

ZG opened at $79.20 on Friday. The company has a fifty day moving average price of $75.56 and a two-hundred day moving average price of $63.80. Zillow Group has a 1-year low of $38.06 and a 1-year high of $83.67. The company has a market cap of $18.50 billion, a P/E ratio of -138.95, a price-to-earnings-growth ratio of 10.81 and a beta of 2.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG – Get Free Report) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. Analysts predict that Zillow Group will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,689 shares of company stock valued at $12,520,379. 17.14% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Zillow Group during the third quarter valued at $29,000. Asset Dedication LLC purchased a new position in Zillow Group during the fourth quarter worth about $47,000. Versant Capital Management Inc bought a new position in Zillow Group in the 4th quarter worth about $72,000. Finally, GAMMA Investing LLC raised its holdings in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

About Zillow Group

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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.

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