Zillow Group (NASDAQ:ZG – Get Free Report) is anticipated to post its results after the market closes on Wednesday, November 4th. Analysts expect Zillow Group to post earnings of $0.60 per share and revenue of $754.43 million for the quarter.
Zillow Group (NASDAQ:ZG – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.25 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, analysts expect Zillow Group to post $0.91 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.
Zillow Group Price Performance
Shares of Zillow Group stock opened at $31.89 on Monday. The business has a 50-day moving average price of $32.08 and a 200-day moving average price of $39.38. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 144.96, a PEG ratio of 1.36 and a beta of 1.95. Zillow Group has a twelve month low of $27.25 and a twelve month high of $74.80.
Insider Buying and Selling
In related news, Director Erik C. Blachford sold 792 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total value of $28,282.32. Following the completion of the transaction, the director owned 34,160 shares of the company’s stock, valued at $1,219,853.60. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeremy Wacksman sold 9,339 shares of Zillow Group stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.18, for a total value of $319,207.02. Following the transaction, the chief executive officer owned 138,574 shares in the company, valued at $4,736,459.32. This trade represents a 6.31% decrease in their position. 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. Insiders sold 38,539 shares of company stock valued at $1,323,800 over the last 90 days. 29.88% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
ZG has been the topic of several research analyst reports. Evercore downgraded Zillow Group from an “outperform” rating to an “in-line” rating and set a $40.00 price objective on the stock. in a report on Thursday, August 6th. Piper Sandler lowered their target price on shares of Zillow Group from $55.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Wells Fargo & Company set a $21.00 price objective on Zillow Group in a research report on Monday, October 12th. Sanford C. Bernstein cut shares of Zillow Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $50.00 to $38.00 in a report on Thursday, August 6th. Finally, DA Davidson decreased their target price on Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has an average rating of “Hold” and an average target price of $51.10.
Check Out Our Latest Report on Zillow Group
About Zillow Group
Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms for consumers, real estate professionals, and other housing industry participants. Its services are designed to help people search for homes, understand property values, connect with agents, and manage transactions throughout the residential real estate process.
The company’s portfolio includes Zillow, Trulia, StreetEasy, HotPads, and ShowingTime+. Zillow provides home listings, estimated property values, rental information, agent connections, mortgage resources, and other housing-related tools.
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