Zillow Group (NASDAQ:Z) Stock Rating Upgraded by Zacks Research

Zillow Group (NASDAQ:ZGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also commented on Z. UBS Group lowered their target price on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Keefe, Bruyette & Woods decreased their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft cut their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.00.

View Our Latest Analysis on Z

Zillow Group Stock Performance

NASDAQ Z opened at $32.78 on Monday. The stock has a fifty day moving average of $35.93 and a 200-day moving average of $47.06. The stock has a market capitalization of $7.50 billion, a P/E ratio of 131.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.98. Zillow Group has a 52 week low of $29.23 and a 52 week high of $93.88.

Zillow Group (NASDAQ:ZGet Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. Equities research analysts forecast that Zillow Group will post 0.9 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, General Counsel Bradley D. Owens sold 3,364 shares of Zillow Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the transaction, the general counsel owned 65,245 shares in the company, valued at $2,429,071.35. The trade was a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeremy Hofmann sold 5,501 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $205,737.40. Following the completion of the transaction, the chief financial officer owned 68,315 shares of the company’s stock, valued at $2,554,981. This represents a 7.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 42,910 shares of company stock valued at $1,605,732 over the last 90 days. Insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in Z. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the fourth quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new stake in Zillow Group in the 4th quarter valued at approximately $43,000. Leonteq Securities AG raised its position in Zillow Group by 627.0% in the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,160 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Zillow Group by 283.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,045 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in Zillow Group in the 4th quarter valued at approximately $68,000. 71.01% of the stock is owned by institutional investors.

Trending Headlines about Zillow Group

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Zillow Group Company Profile

(Get Free Report)

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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