Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Zillow Group, Inc. (NASDAQ:ZG) has earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $58.79.

ZG has been the subject of several recent analyst reports. Benchmark upped their price objective on shares of Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Bank of America downgraded shares of Zillow Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 10th. Susquehanna increased their price target on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. DA Davidson reissued a “buy” rating and issued a $63.00 price target on shares of Zillow Group in a research note on Friday, April 5th. Finally, Piper Sandler increased their price target on shares of Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th.

Zillow Group Stock Performance

Zillow Group stock opened at $42.41 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $9.90 billion, a PE ratio of -62.37 and a beta of 1.83. The firm has a fifty day simple moving average of $48.96 and a two-hundred day simple moving average of $47.63. Zillow Group has a twelve month low of $33.23 and a twelve month high of $59.23.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.06. The business had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. Research analysts expect that Zillow Group will post -0.15 EPS for the current year.

Insider Activity

In related news, insider Susan Daimler sold 15,206 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the transaction, the insider now owns 36,148 shares in the company, valued at $2,037,301.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Susan Daimler sold 15,206 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the transaction, the insider now owns 36,148 shares in the company, valued at $2,037,301.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the transaction, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock worth $9,642,508 over the last 90 days. 17.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ZG. Norges Bank bought a new position in Zillow Group in the fourth quarter worth approximately $102,096,000. Vanguard Group Inc. raised its position in shares of Zillow Group by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Zillow Group by 50.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares during the period. UBS Group AG raised its position in shares of Zillow Group by 73.0% during the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after purchasing an additional 177,265 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Zillow Group by 244.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company’s stock valued at $8,226,000 after purchasing an additional 121,942 shares during the period. 20.32% of the stock is currently owned by 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.