Susquehanna Lowers Zillow Group (NASDAQ:ZG) Price Target to $38.00

Zillow Group (NASDAQ:ZG) had its price objective dropped by analysts at Susquehanna from $50.00 to $38.00 in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price target would indicate a potential upside of 11.93% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald dropped their price target on shares of Zillow Group from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday. Canaccord Genuity Group reduced their price objective on shares of Zillow Group from $72.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. UBS Group decreased their target price on shares of Zillow Group from $75.00 to $50.00 and set a “buy” rating for the company in a report on Friday, July 31st. KeyCorp dropped their target price on shares of Zillow Group from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group cut their price target on shares of Zillow Group from $53.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.86.

Zillow Group Trading Up 0.6%

Shares of ZG stock opened at $33.95 on Thursday. The stock has a market cap of $7.77 billion, a PE ratio of 154.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.95. Zillow Group has a 12 month low of $29.03 and a 12 month high of $90.22. The company’s fifty day moving average price is $33.16 and its 200-day moving average price is $41.54.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.25 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, sell-side analysts forecast that Zillow Group will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, Director Erik C. Blachford sold 791 shares of Zillow Group stock in a transaction on Monday, June 8th. The shares were sold at an average price of $34.80, for a total transaction of $27,526.80. Following the transaction, the director owned 34,952 shares in the company, valued at $1,216,329.60. This trade represents a 2.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Hofmann sold 5,501 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $205,737.40. Following the sale, the chief financial officer directly owned 68,315 shares of the company’s stock, valued at approximately $2,554,981. The trade was a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold 42,910 shares of company stock valued at $1,605,732 in the last quarter. Insiders own 29.88% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arax Advisory Partners grew its holdings in Zillow Group by 402.3% during the fourth quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after purchasing an additional 354 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Zillow Group in the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Zillow Group by 183.6% in the first quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock worth $41,000 after buying an additional 637 shares during the period. Fifth Third Bancorp lifted its position in shares of Zillow Group by 990.3% during the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock valued at $42,000 after buying an additional 921 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Zillow Group during the 4th quarter valued at about $47,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow reported second-quarter earnings of $0.52 per share, above the $0.44 analyst consensus, while revenue reached $772 million, exceeding expectations of $758.25 million. Revenue increased 17.9% year over year, supported by growth in mortgage and rentals. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Several analysts still see upside: Piper Sandler and Citizens JMP maintain bullish ratings with $46 price targets, while DA Davidson and Benchmark retain buy ratings despite lowering their targets. These targets remain above the stock’s recent trading level.
• Neutral Sentiment: Zillow’s July market report showed home sales rising 7% year over year, the strongest annual gain of 2026. However, the company said newly pending sales fell sharply from June as mortgage rates reached a one-year high, raising questions about the durability of the improvement. Zillow July Market Report
• Negative Sentiment: Analysts broadly lowered their expectations following the earnings report. Wells Fargo cut its target to $35 and assigned an equal-weight rating, Evercore downgraded Zillow to hold with a $40 target, and Susquehanna and Cantor Fitzgerald also reduced targets. RBC cited near-term pressure from Zillow’s preferred-model shift. Zillow Preferred-Model Shift Adds Near-Term Pressure
• Negative Sentiment: Multiple law firms are soliciting investors ahead of the August 10 lead-plaintiff deadline for a securities-fraud class action covering purchases from February 11, 2025, through May 7, 2026. The litigation involves alleged anticompetitive conduct and related regulatory risks, creating an additional overhang for ZG.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.