Wells Fargo & Company Lowers Zillow Group (NASDAQ:ZG) Price Target to $35.00

Posted by Brenda Bartman on Aug 7th, 2026

Zillow Group (NASDAQ:ZG – Get Free Report) had its price target dropped by equities researchers at Wells Fargo & Company from $46.00 to $35.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 1.24% from the stock’s current price.

ZG has been the subject of a number of other reports. Mizuho lowered their price target on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Citigroup dropped their price target on shares of Zillow Group from $68.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. DA Davidson cut their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday. BTIG Research restated a “neutral” rating on shares of Zillow Group in a research report on Thursday, June 11th. Finally, Susquehanna lowered their target price on shares of Zillow Group from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.14.

Read Our Latest Report on ZG

Zillow Group Stock Performance

NASDAQ ZG traded up $0.81 during trading on Friday, reaching $34.57. 390,826 shares of the company’s stock were exchanged, compared to its average volume of 1,193,546. The stock has a market cap of $7.91 billion, a P/E ratio of 157.30, a price-to-earnings-growth ratio of 1.58 and a beta of 1.95. The company has a 50 day moving average price of $33.19 and a two-hundred day moving average price of $41.59. Zillow Group has a 1 year low of $29.03 and a 1 year high of $90.22.

Zillow Group (NASDAQ:ZG – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a return on equity of 2.27% and a net margin of 1.96%.The business had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.25 million. During the same period in the prior year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. Research analysts forecast that Zillow Group will post 0.9 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In related news, CEO Jeremy Wacksman sold 9,072 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.54, for a total transaction of $331,490.88. Following the transaction, the chief executive officer owned 153,699 shares in the company, valued at $5,616,161.46. This trade represents a 5.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Hofmann sold 5,501 shares of Zillow Group stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $205,737.40. Following the transaction, the chief financial officer directly owned 68,315 shares in the company, valued at approximately $2,554,981. This trade represents a 7.45% 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. Over the last quarter, insiders sold 42,910 shares of company stock worth $1,605,732. Insiders own 29.88% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of ZG. Polianta Ltd raised its position in Zillow Group by 60.9% in the 2nd quarter. Polianta Ltd now owns 58,100 shares of the technology company’s stock valued at $1,822,000 after purchasing an additional 22,000 shares during the last quarter. MFG Wealth Management Inc. acquired a new position in Zillow Group in the second quarter valued at $2,146,000. Assenagon Asset Management S.A. acquired a new position in Zillow Group in the second quarter valued at $1,546,000. NewEdge Advisors LLC raised its holdings in shares of Zillow Group by 6.7% in the first quarter. NewEdge Advisors LLC now owns 11,071 shares of the technology company’s stock valued at $458,000 after buying an additional 699 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Zillow Group in the first quarter valued at about $398,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Zillow Group

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

Positive Sentiment: Zillow reported second-quarter revenue of $772 million, up 17.9% year over year and above the $758 million consensus estimate. Adjusted EPS of $0.52 also exceeded expectations of $0.44, supported by growth in mortgage and rental businesses. Zillow Q2 earnings article
Positive Sentiment: Benchmark maintained a “buy” rating despite reducing its price target to $80 from $110, while DA Davidson also retained a “buy” rating with a $50 target. These targets imply substantial potential upside if Zillow’s longer-term growth strategy succeeds. Benchmark price target article
Neutral Sentiment: Zillow announced leadership changes, expanding CFO Jeremy Hofmann’s role to chief operating officer and appointing Cassandra Knight as its first chief legal and policy officer. The moves are intended to support the company’s integrated housing “super app” strategy, but add execution considerations for investors. Zillow leadership announcement
Negative Sentiment: Third-quarter revenue guidance of $745 million to $760 million was below the $772.3 million analyst consensus, and full-year revenue guidance of $2.9 billion to $3.0 billion was roughly in line with the low end of expectations. The cautious outlook overshadowed the quarterly beat.
Negative Sentiment: Zillow posted a $4 million net loss as $36 million in restructuring costs weighed on results. Reports also highlighted layoffs and executive changes, raising concerns about near-term profitability and operating momentum. Zillow earnings reaction
Negative Sentiment: Analyst sentiment deteriorated: Evercore downgraded Zillow to “hold” with a $40 target, Zacks cut its rating to “hold,” Susquehanna lowered its target to $38 and Cantor Fitzgerald cut its target to $32. RBC also warned that Zillow’s preferred-model shift could create near-term pressure. RBC Zillow analysis
Negative Sentiment: Zillow’s July housing report showed sales up 7% year over year, but sharply lower newly pending sales and higher mortgage rates suggested that the improvement may not persist into the second half. Zillow July market report
Negative Sentiment: Investor law firms are promoting a securities class action covering purchases from February 11, 2025, through May 7, 2026, with an August 10 lead-plaintiff deadline. While the claims are not an adjudicated finding, the litigation adds headline and potential financial risk. Zillow securities lawsuit notice

About Zillow Group

(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.