Wells Fargo & Company Cuts Zillow Group (NASDAQ:ZG) Price Target to $61.00

Zillow Group (NASDAQ:ZG) had its price objective cut by Wells Fargo & Company from $73.00 to $61.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

A number of other analysts have also recently weighed in on ZG. Citizens Jmp lowered their price target on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Monday, January 12th. UBS Group cut their price target on shares of Zillow Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Friday, October 31st. Mizuho restated a “neutral” rating and issued a $70.00 price target (down from $100.00) on shares of Zillow Group in a research report on Friday, January 9th. Benchmark boosted their target price on Zillow Group from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Piper Sandler reissued an “overweight” rating and issued a $85.00 price objective (down previously from $94.00) on shares of Zillow Group in a research note on Friday, October 31st. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.43.

Zillow Group Price Performance

ZG opened at $43.70 on Tuesday. Zillow Group has a fifty-two week low of $43.22 and a fifty-two week high of $90.22. The company has a market capitalization of $10.58 billion, a P/E ratio of 485.61, a P/E/G ratio of 2.62 and a beta of 2.04. The firm’s fifty day moving average price is $65.38 and its two-hundred day moving average price is $72.06.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.Zillow Group’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Bradley D. Owens sold 2,722 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the completion of the sale, the general counsel owned 37,974 shares in the company, valued at $2,559,827.34. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Erik C. Blachford sold 965 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total transaction of $69,972.15. Following the sale, the director directly owned 33,543 shares of the company’s stock, valued at approximately $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,928 shares of company stock valued at $270,937 over the last three months. Company insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Zillow Group by 3.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock valued at $312,000 after purchasing an additional 131 shares during the last quarter. DoubleLine ETF Adviser LP boosted its holdings in shares of Zillow Group by 4.9% during the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock worth $239,000 after buying an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Zillow Group by 4.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after buying an additional 156 shares during the period. Signaturefd LLC grew its stake in Zillow Group by 10.4% in the 4th quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock valued at $117,000 after buying an additional 161 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Key Stories Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow reported revenue growth and strong rental and mortgage momentum — revenue beat consensus and management highlighted rentals growth that supports a narrowing valuation gap. Yahoo: Profitability Milestone
• Positive Sentiment: Several firms still maintain constructive ratings: Citigroup kept a “buy” on ZG while lowering its PT to $78 (still implying meaningful upside), and Piper Sandler reaffirmed an “overweight” with a $70 PT — signaling continued analyst conviction despite cuts. Benzinga: Citi & Piper notes
• Neutral Sentiment: Keefe Bruyette raised its price target to $80 from $65 but kept a Market Perform rating, reflecting uncertainty (notably around the Compass litigation outcome). InsiderMonkey: Analyst roundup
• Neutral Sentiment: Barclays moved to “equal weight” and trimmed its PT to $66, and Cantor Fitzgerald cut its PT to $56 with a “neutral” rating — multiple shops are lowering targets but stopping short of bearish ratings. Benzinga: PT cuts
• Negative Sentiment: Zillow missed Q4 EPS (adjusted EPS ~ $0.39 vs. estimates around $0.40–$0.42) and some analysts trimmed forward forecasts after the print; the earnings shortfall prompted selling despite the revenue beat. Zacks: Q4 EPS misses
• Negative Sentiment: Coverage notes and headlines flagged a projected earnings shortfall and broader sector weakness; several outlets explain the stock decline as investors reacting to margin pressure and higher costs. Fool: Why ZG dropped
• Negative Sentiment: Litigation risk: Barron’s details multiple lawsuits from competitors and consumers across Zillow’s businesses — a material legal overhang that could affect future costs and execution. Barron’s: Litigation coverage
• Negative Sentiment: Market perception: Zillow was called out among weaker real‑estate services names and the stock fell after the Q4 print as investors focused on EPS misses and analyst downgrades. MSN: Sector weakness Yahoo: Stock falls after Q4

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.