Zillow Group (NASDAQ:ZG – Get Free Report) had its target price upped by stock analysts at JMP Securities from $82.00 to $92.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price objective would indicate a potential upside of 18.62% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Susquehanna lifted their price target on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Canaccord Genuity Group lifted their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Barclays increased their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Evercore ISI raised their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $72.71.
Get Our Latest Analysis on Zillow Group
Zillow Group Stock Down 1.1 %
Zillow Group (NASDAQ:ZG – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, analysts forecast that Zillow Group will post -0.34 earnings per share for the current fiscal year.
Insider Transactions at Zillow Group
In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jennifer Rock sold 3,033 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock worth $10,395,879 over the last ninety days. Company insiders own 17.14% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates lifted its stake in Zillow Group by 7.0% in the second quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock worth $8,694,000 after acquiring an additional 12,616 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Zillow Group by 5.4% in the 2nd quarter. Raymond James Trust N.A. now owns 13,174 shares of the technology company’s stock valued at $593,000 after purchasing an additional 674 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Zillow Group by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 162,647 shares of the technology company’s stock valued at $7,326,000 after purchasing an additional 7,311 shares in the last quarter. Signaturefd LLC lifted its position in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Zillow Group during the second quarter worth $202,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.
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.
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