Zillow Group (NASDAQ:ZG) Price Target Raised to $95.00

Zillow Group (NASDAQ:ZG) had its target price hoisted by Craig Hallum from $70.00 to $95.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Barclays increased their price target on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. DA Davidson raised their price target on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. UBS Group increased their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $69.65.

Zillow Group Trading Down 1.0 %

ZG opened at $81.53 on Wednesday. The firm’s 50 day moving average is $65.22 and its 200-day moving average is $53.84. Zillow Group has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $19.04 billion, a P/E ratio of -144.44 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) EPS. Analysts expect that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 7,175 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,481,540.32. This represents a 6.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the sale, the chief accounting officer now directly owns 69,649 shares in the company, valued at $5,154,026. The trade was a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,439 shares of company stock worth $11,576,823 in the last three months. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ZG. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group in the third quarter worth about $29,000. GAMMA Investing LLC lifted its stake in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares during the period. Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group in the third quarter valued at approximately $95,000. Signaturefd LLC increased its stake in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after acquiring an additional 360 shares during the period. Finally, Walleye Capital LLC bought a new stake in Zillow Group during the third quarter worth approximately $212,000. Institutional investors own 20.32% of the company’s stock.

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.