Analysts Set Zillow Group, Inc. (NASDAQ:ZG) Target Price at $82.25

Zillow Group, Inc. (NASDAQ:ZG) has been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $81.60.

ZG has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Susquehanna lifted their price target on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Stephens restated an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a report on Friday, March 28th. Finally, KeyCorp dropped their price target on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th.

Zillow Group Stock Performance

Shares of NASDAQ ZG opened at $60.28 on Friday. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of -128.26, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The stock’s 50-day simple moving average is $71.45 and its 200-day simple moving average is $70.79.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, research analysts predict that Zillow Group will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,919 shares of company stock valued at $7,869,478. 17.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $27,000. Blue Trust Inc. grew its position in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group in the fourth quarter valued at $47,000. Assetmark Inc. lifted its position in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after acquiring an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.