Zillow Group, Inc. (NASDAQ:ZG) Receives $71.24 Consensus Price Target from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZGGet Free Report) have been assigned a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $71.2381.

A number of equities research analysts have recently commented on the stock. Susquehanna set a $50.00 price target on shares of Zillow Group in a report on Thursday, February 12th. Citigroup lowered their price target on shares of Zillow Group from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday, May 11th. The Goldman Sachs Group set a $53.00 price target on shares of Zillow Group in a report on Thursday, May 7th. Canaccord Genuity Group lowered their price target on shares of Zillow Group from $72.00 to $52.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Finally, Piper Sandler lowered their price target on shares of Zillow Group from $70.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, May 7th.

View Our Latest Research Report on ZG

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares in the company, valued at approximately $1,858,630.40. The trade was a 5.83% 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 the SEC website. 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. Also, insider Errol G. Samuelson sold 2,939 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $37.97, for a total transaction of $111,593.83. Following the completion of the sale, the insider owned 134,039 shares of the company’s stock, valued at approximately $5,089,460.83. The trade was a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 33,047 shares of company stock valued at $1,246,715. Corporate insiders own 29.88% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Zillow Group in the fourth quarter valued at approximately $152,050,000. Independent Franchise Partners LLP grew its holdings in Zillow Group by 1.1% in the fourth quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock valued at $138,135,000 after purchasing an additional 21,862 shares during the period. M&T Bank Corp grew its holdings in Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after purchasing an additional 1,600,097 shares during the period. Tiger Global Management LLC grew its holdings in Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock valued at $69,849,000 after purchasing an additional 240,690 shares during the period. Finally, UBS Group AG grew its holdings in Zillow Group by 44.5% in the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after purchasing an additional 313,643 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $36.92 on Friday. The company has a market cap of $8.45 billion, a PE ratio of 147.68, a price-to-earnings-growth ratio of 1.56 and a beta of 2.04. Zillow Group has a 12 month low of $35.11 and a 12 month high of $90.22. The company has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $55.72.

Zillow Group (NASDAQ:ZGGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.17 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, analysts anticipate that Zillow Group will post 0.9 EPS for the current year.

Trending Headlines about Zillow Group

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Zillow Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Zillow Group (NASDAQ:ZG)

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