Zillow Group, Inc. (NASDAQ:Z) Stock Rating Reaffirmed by Cowen and Company

Zillow Group, Inc. (NASDAQ:Z)‘s stock had its “hold” rating reiterated by investment analysts at Cowen and Company in a report released on Friday.

Several other brokerages also recently weighed in on Z. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price (up previously from $41.00) on shares of Zillow Group in a research report on Friday, May 5th. BidaskClub downgraded Zillow Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Benchmark Co. reiterated a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a research note on Sunday, July 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.50.

Zillow Group (NASDAQ Z) opened at 47.10 on Friday. Zillow Group has a 1-year low of $31.22 and a 1-year high of $51.23. The company’s 50-day moving average price is $45.11 and its 200 day moving average price is $38.56. The firm’s market cap is $8.63 billion.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The firm had revenue of $245.78 million for the quarter. On average, equities analysts expect that Zillow Group will post $0.45 earnings per share for the current fiscal year.

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In related news, insider Errol G. Samuelson sold 7,050 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $49.30, for a total value of $347,565.00. Following the completion of the transaction, the insider now directly owns 34,727 shares of the company’s stock, valued at approximately $1,712,041.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Spencer M. Rascoff sold 120,146 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $43.34, for a total value of $5,207,127.64. Following the completion of the transaction, the chief executive officer now directly owns 120,146 shares of the company’s stock, valued at $5,207,127.64. The disclosure for this sale can be found here. Insiders have sold 157,050 shares of company stock valued at $6,866,477 over the last ninety days. Corporate insiders own 26.97% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Zillow Group by 0.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock worth $259,000 after buying an additional 27 shares during the last quarter. Hanseatic Management Services Inc. raised its position in shares of Zillow Group by 0.3% in the first quarter. Hanseatic Management Services Inc. now owns 36,708 shares of the financial services provider’s stock worth $1,236,000 after buying an additional 115 shares during the last quarter. Bank of Montreal Can raised its position in shares of Zillow Group by 0.4% in the second quarter. Bank of Montreal Can now owns 59,230 shares of the financial services provider’s stock worth $2,903,000 after buying an additional 263 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Zillow Group by 1.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,087 shares of the financial services provider’s stock worth $575,000 after buying an additional 290 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Zillow Group by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,700 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 500 shares during the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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