Analysts Set Zillow Group Inc (NASDAQ:Z) Target Price at $51.50
Shares of Zillow Group Inc (NASDAQ:Z) have been given an average recommendation of “Buy” by the seven research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $51.50.
Several equities research analysts have issued reports on Z shares. Benchmark lowered their price target on Zillow Group from $75.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. KeyCorp started coverage on Zillow Group in a report on Friday, February 28th. They issued a “sector weight” rating for the company. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley increased their price objective on Zillow Group from $31.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th.
In other Zillow Group news, CAO Jennifer Rock sold 9,002 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.05, for a total transaction of $549,572.10. Following the transaction, the chief accounting officer now owns 32,562 shares in the company, valued at approximately $1,987,910.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Spencer M. Rascoff sold 123,035 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.25, for a total value of $7,535,893.75. Following the transaction, the director now owns 44,500 shares in the company, valued at approximately $2,725,625. The disclosure for this sale can be found here. Over the last three months, insiders have sold 388,689 shares of company stock valued at $23,068,927. 19.87% of the stock is currently owned by insiders.
NASDAQ:Z opened at $48.78 on Thursday. Zillow Group has a 1-year low of $20.04 and a 1-year high of $66.68. The business’s 50-day moving average price is $40.35 and its two-hundred day moving average price is $43.05. The company has a current ratio of 3.81, a quick ratio of 2.90 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of -25.27 and a beta of 0.98.
Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, February 19th. The financial services provider reported ($0.49) earnings per share for the quarter. Zillow Group had a negative net margin of 11.75% and a negative return on equity of 9.78%. The company had revenue of $943.95 million during the quarter.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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