Zillow Group, Inc. (NASDAQ:ZG) Given Average Rating of “Hold” by Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $59.14.

A number of research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Zillow Group in a report on Tuesday, March 5th. Susquehanna upped their price target on Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Zillow Group in a research note on Tuesday. Barclays upped their price target on Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. Finally, Bank of America lowered Zillow Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 10th.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the sale, the insider now owns 48,294 shares in the company, valued at $2,801,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the sale, the insider now owns 48,294 shares in the company, valued at $2,801,052. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the completion of the sale, the general counsel now owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,289 shares of company stock worth $9,642,508. Company insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Zillow Group during the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC increased its stake in shares of Zillow Group by 45.1% during the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after purchasing an additional 237 shares in the last quarter. CWM LLC increased its stake in shares of Zillow Group by 100.0% during the 3rd quarter. CWM LLC now owns 1,222 shares of the technology company’s stock worth $55,000 after purchasing an additional 611 shares in the last quarter. Finally, AtonRa Partners purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $206,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Price Performance

ZG stock opened at $42.00 on Friday. Zillow Group has a 1 year low of $33.23 and a 1 year high of $59.23. The firm has a market capitalization of $9.81 billion, a PE ratio of -61.76 and a beta of 1.83. The business has a 50 day simple moving average of $48.30 and a 200-day simple moving average of $47.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24.

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

About Zillow Group

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.