UBS Group Forecasts Strong Price Appreciation for Zillow Group (NASDAQ:ZG) Stock

Zillow Group (NASDAQ:ZG) had its price objective lifted by research analysts at UBS Group from $90.00 to $98.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 20.62% from the stock’s current price.

Several other equities research analysts have also recently weighed in on ZG. Cantor Fitzgerald reissued a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Craig Hallum raised their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Susquehanna upped their target price on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Royal Bank of Canada increased their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, DA Davidson boosted their target price on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.06.

Zillow Group Price Performance

NASDAQ ZG opened at $81.25 on Monday. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a market capitalization of $18.98 billion, a PE ratio of -142.54, a price-to-earnings-growth ratio of 10.31 and a beta of 2.09. The business’s fifty day moving average is $75.45 and its 200 day moving average is $63.36.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $555.45 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that Zillow Group will post -0.36 earnings per share for the current 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 that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,689 shares of company stock valued at $10,395,879 over the last ninety days. Insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ZG. Blue Trust Inc. raised its position in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after acquiring an additional 421 shares during the period. Creative Planning raised its position in Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group in the third quarter valued at $29,000. Finally, GAMMA Investing LLC boosted its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.