Citigroup Lowers Zillow Group (NASDAQ:ZG) Price Target to $78.00

Zillow Group (NASDAQ:ZG) had its target price decreased by analysts at Citigroup from $100.00 to $78.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 80.14% from the company’s previous close.

A number of other equities research analysts have also weighed in on ZG. DA Davidson set a $75.00 target price on shares of Zillow Group in a report on Thursday. Cantor Fitzgerald lowered their price objective on Zillow Group from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their target price on Zillow Group from $73.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price target on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.43.

Zillow Group Stock Down 0.9%

Shares of NASDAQ:ZG opened at $43.30 on Thursday. Zillow Group has a twelve month low of $42.25 and a twelve month high of $90.22. The stock’s 50 day moving average is $64.81 and its 200-day moving average is $71.81. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 481.16, a PEG ratio of 3.24 and a beta of 2.04.

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

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 7,015 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.21, for a total value of $310,133.15. Following the transaction, the insider directly owned 113,800 shares of the company’s stock, valued at approximately $5,031,098. The trade was a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 2,602 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $44.42, for a total transaction of $115,580.84. Following the transaction, the general counsel owned 33,355 shares of the company’s stock, valued at approximately $1,481,629.10. The trade was a 7.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 23,753 shares of company stock worth $1,148,029. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Norges Bank bought a new position in shares of Zillow Group in the second quarter worth $159,770,000. M&T Bank Corp lifted its holdings in Zillow Group by 38,344.0% during the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after purchasing an additional 1,600,097 shares in the last quarter. UBS Group AG lifted its holdings in Zillow Group by 44.5% during the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after purchasing an additional 313,643 shares in the last quarter. Wellington Management Group LLP boosted its stake in Zillow Group by 60.1% in the 3rd quarter. Wellington Management Group LLP now owns 557,735 shares of the technology company’s stock worth $41,518,000 after purchasing an additional 209,312 shares during the period. Finally, Virtu Financial LLC grew its holdings in Zillow Group by 271.9% during the 3rd quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock valued at $21,864,000 after buying an additional 214,743 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

More Zillow Group News

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

• Positive Sentiment: Zillow highlights a profitability milestone and faster rentals growth, which supports the company’s longer‑term path to sustainable earnings. Zillow Group Profitability Milestone Highlights Rentals Growth And Valuation Gap
• Neutral Sentiment: Citigroup cut its price target (from $100 to $78) but maintained a Buy rating, keeping upside expectations though at a lower valuation. Benzinga: Citigroup price target note
• Neutral Sentiment: Analyst commentary and features discuss potential catalysts and valuation tradeoffs — useful for investors weighing near‑term legal/earnings headwinds versus longer‑term revenue momentum. What Catalysts Are Recasting The Story For Zillow Group (ZG)?
• Negative Sentiment: Q4 adjusted EPS missed expectations (reported roughly $0.39 vs. consensus ~ $0.42), prompting heavy selling pressure and a sharp weekly decline. Earnings execution shortfall is the primary near‑term catalyst for the share drop. Zillow Stock Drops Nearly 20% This Week After Earnings Miss
• Negative Sentiment: Several analysts trimmed targets and/or ratings (Wells Fargo cut its target to $61; Barclays issued a Hold), reducing near‑term analyst support and pressuring sentiment. Wells Fargo & Company Cuts Zillow Group Price Target
• Negative Sentiment: Multiple insider sales were disclosed this week (including the General Counsel, CTO, COO, CAO and other insiders), which investors often view as a negative signal about confidence or a source of additional selling supply. Representative SEC filing: Insider Form 4 filing
• Negative Sentiment: Shares hit a new 12‑month low after the mix of the earnings miss, price‑target cuts and the spike in trading volume — signaling increased near‑term downside risk until clarity returns on margins and legal/headline issues. Zillow Group Sets New 12-Month Low Following Weak Earnings

Zillow Group Company Profile

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.