Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZGGet Rating) have received an average recommendation of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.76.

A number of research analysts have commented on the stock. Stifel Nicolaus cut their target price on shares of Zillow Group from $40.00 to $37.00 in a research report on Monday, August 8th. Piper Sandler cut their price target on shares of Zillow Group from $39.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. DA Davidson decreased their price objective on Zillow Group from $78.00 to $53.00 in a report on Monday, September 12th. Canaccord Genuity Group downgraded shares of Zillow Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $48.00 to $34.00 in a report on Thursday, November 3rd. Finally, Truist Financial lowered their price target on Zillow Group from $37.00 to $34.00 in a research report on Monday, November 7th.

Zillow Group Price Performance

Shares of ZG opened at $35.04 on Friday. Zillow Group has a 1 year low of $26.21 and a 1 year high of $65.16. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $31.48 and a two-hundred day simple moving average of $34.45.

Zillow Group (NASDAQ:ZGGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The technology company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%. The company had revenue of $483.00 million during the quarter, compared to analyst estimates of $455.98 million. Sell-side analysts anticipate that Zillow Group will post -0.19 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jeremy Wacksman sold 5,619 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total transaction of $206,666.82. Following the completion of the transaction, the chief operating officer now owns 68,958 shares in the company, valued at approximately $2,536,275.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Jeremy Wacksman sold 5,619 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total value of $206,666.82. Following the completion of the sale, the chief operating officer now directly owns 68,958 shares of the company’s stock, valued at approximately $2,536,275.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 9,515 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $31.10, for a total transaction of $295,916.50. Following the transaction, the chief accounting officer now owns 68,554 shares in the company, valued at approximately $2,132,029.40. The disclosure for this sale can be found here. Insiders have sold 54,364 shares of company stock valued at $1,926,759 over the last ninety days. Corporate insiders own 18.52% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Arizona State Retirement System increased its holdings in Zillow Group by 2.3% in the first quarter. Arizona State Retirement System now owns 17,084 shares of the technology company’s stock valued at $824,000 after purchasing an additional 380 shares during the last quarter. Versor Investments LP acquired a new position in shares of Zillow Group during the first quarter worth about $207,000. Envestnet Asset Management Inc. grew its holdings in shares of Zillow Group by 60.5% during the first quarter. Envestnet Asset Management Inc. now owns 7,527 shares of the technology company’s stock worth $363,000 after buying an additional 2,837 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Zillow Group by 11.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 21,611 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 2,259 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Zillow Group by 1.6% in the first quarter. California Public Employees Retirement System now owns 122,712 shares of the technology company’s stock valued at $5,918,000 after purchasing an additional 1,923 shares in the last quarter. 19.94% of the stock is owned by institutional investors and hedge funds.

About Zillow Group

(Get Rating)

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

Further Reading

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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