Zillow Group’s (ZG) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Zillow Group (NASDAQ:ZG) in a research report report published on Friday, Benzinga reports. They currently have a $68.00 price objective on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Piper Sandler boosted their price target on shares of Zillow Group from $70.00 to $72.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Royal Bank of Canada reissued an outperform rating and issued a $66.00 target price on shares of Zillow Group in a report on Tuesday, March 5th. Bank of America lowered Zillow Group from a buy rating to a neutral rating in a research report on Wednesday, January 10th. DA Davidson reiterated a buy rating and issued a $63.00 price objective on shares of Zillow Group in a research report on Friday, April 5th. Finally, Benchmark increased their target price on Zillow Group from $57.00 to $60.00 and gave the stock a buy rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $58.79.

Zillow Group Stock Down 3.0 %

NASDAQ ZG opened at $42.41 on Friday. Zillow Group has a 1-year low of $33.23 and a 1-year high of $59.23. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of -62.37 and a beta of 1.83. The stock’s 50 day moving average is $50.68 and its two-hundred day moving average is $47.71. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. Equities analysts forecast that Zillow Group will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the sale, the general counsel now directly owns 17,181 shares in the company, valued at approximately $996,669.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,289 shares of company stock valued at $9,642,508. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Polianta Ltd bought a new position in Zillow Group during the 1st quarter worth about $1,134,000. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after buying an additional 1,730,731 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Zillow Group by 2.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,975 shares of the technology company’s stock valued at $1,757,000 after buying an additional 660 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Zillow Group by 47.8% in the 4th quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company’s stock valued at $4,441,000 after acquiring an additional 25,333 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Zillow Group by 3.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 23,470 shares of the technology company’s stock worth $1,331,000 after acquiring an additional 678 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.