Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) insider Errol Samuelson sold 2,939 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $37.97, for a total value of $111,593.83. Following the completion of the transaction, the insider directly owned 134,039 shares in the company, valued at approximately $5,089,460.83. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Zillow Group Stock Performance
Shares of NASDAQ ZG traded up $0.20 during mid-day trading on Friday, hitting $38.06. The stock had a trading volume of 1,220,694 shares, compared to its average volume of 1,106,949. The company has a 50 day moving average of $43.15 and a two-hundred day moving average of $56.67. Zillow Group, Inc. has a twelve month low of $37.26 and a twelve month high of $90.22. The firm has a market cap of $8.71 billion, a PE ratio of 152.24, a PEG ratio of 1.82 and a beta of 2.04.
Zillow Group (NASDAQ:ZG – Get Free Report) last released its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.17 million. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. Equities research analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.
Institutional Investors Weigh In On Zillow Group
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ZG shares. KeyCorp cut their price target on Zillow Group from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Canaccord Genuity Group lowered their price objective on Zillow Group from $72.00 to $52.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Barclays dropped their price objective on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Susquehanna set a $50.00 price objective on shares of Zillow Group in a research note on Thursday, February 12th. Finally, UBS Group dropped their price objective on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.24.
View Our Latest Stock Report on ZG
About Zillow Group
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.
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