Zillow Group (NASDAQ:Z) Shares Gap Down After Analyst Downgrade

Posted by Stanley Muller on Aug 8th, 2026

Zillow Group, Inc. (NASDAQ:Z – Get Free Report) shares gapped down before the market opened on Thursday after Wall Street Zen downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $36.10, but opened at $30.81. Zillow Group shares last traded at $30.9570, with a volume of 1,466,165 shares.

A number of other analysts also recently weighed in on Z. Evercore downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada lowered their price target on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, June 10th. Morgan Stanley set a $60.00 price target on Zillow Group in a research report on Thursday. Jefferies Financial Group reduced their price objective on Zillow Group from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on Zillow Group from $37.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.50.

Read Our Latest Report on Z

Insider Activity

In other Zillow Group news, Director Erik C. Blachford sold 791 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $34.80, for a total value of $27,526.80. Following the completion of the sale, the director directly owned 34,952 shares of the company’s stock, valued at $1,216,329.60. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Hofmann sold 5,501 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the completion of the transaction, the chief financial officer owned 68,315 shares in the company, valued at $2,554,981. This represents a 7.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 42,910 shares of company stock valued at $1,605,732. Insiders own 25.03% of the company’s stock.

Zillow Group News Summary

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

Positive Sentiment: Zillow reported second-quarter adjusted earnings of $0.52 per share, above the roughly $0.44–$0.45 consensus estimate, while revenue of $772 million also exceeded expectations. Revenue increased 18% year over year, providing evidence of continued business growth. Zillow Q2 earnings beat
Positive Sentiment: July home sales rose 7% year over year, the strongest annual increase of the year, potentially supporting Zillow’s transaction-related businesses. Zillow July market report

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the fourth quarter valued at about $28,000. Flagship Harbor Advisors LLC purchased a new stake in Zillow Group in the fourth quarter worth about $43,000. IFC & Insurance Marketing Inc. bought a new position in Zillow Group during the 4th quarter worth about $68,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Zillow Group during the 4th quarter worth about $71,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Zillow Group by 34.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 300 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Trading Up 0.5%

The firm has a market cap of $7.69 billion, a PE ratio of 152.78, a P/E/G ratio of 1.43 and a beta of 1.98. The business’s 50-day simple moving average is $33.05 and its 200 day simple moving average is $41.54.

Zillow Group (NASDAQ:Z – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The firm had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.10 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. Analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Zillow Group Company Profile

(Get Free Report)

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.