Needham & Company LLC began coverage on shares of Zillow Group (NASDAQ:Z) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $30.85 price objective on the financial services provider’s stock.

Several other equities research analysts also recently commented on Z. BidaskClub downgraded Zillow Group from a buy rating to a hold rating in a report on Tuesday, September 18th. ValuEngine downgraded Zillow Group from a buy rating to a hold rating in a report on Monday, October 8th. Zelman & Associates assumed coverage on Zillow Group in a research note on Friday, November 2nd. They set a hold rating for the company. UBS Group lowered Zillow Group to a neutral rating in a research note on Wednesday, November 7th. Finally, Susquehanna Bancshares restated a negative rating and set a $23.00 price objective on shares of Zillow Group in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $46.76.

Shares of NASDAQ:Z opened at $33.89 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72. Zillow Group has a one year low of $26.38 and a one year high of $65.70.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). The company had revenue of $343.09 million for the quarter. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%.

In other Zillow Group news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $39.87, for a total transaction of $542,232.00. Following the completion of the sale, the insider now owns 3,501,308 shares in the company, valued at approximately $139,597,149.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jennifer Rock sold 898 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $41.01, for a total value of $36,826.98. Following the sale, the chief financial officer now owns 273 shares of the company’s stock, valued at approximately $11,195.73. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 2,179,897 shares of company stock valued at $67,096,564 and have sold 25,860 shares valued at $982,913. 58.08% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Highwater Wealth Management LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $26,000. Korea Investment CORP acquired a new position in shares of Zillow Group in the 2nd quarter worth approximately $124,000. Cornerstone Advisors Inc. grew its position in shares of Zillow Group by 50.0% in the 3rd quarter. Cornerstone Advisors Inc. now owns 3,000 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,000 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Zillow Group in the 2nd quarter worth approximately $184,000. Finally, Oakbrook Investments LLC acquired a new position in shares of Zillow Group in the 3rd quarter worth approximately $228,000. Institutional investors own 61.46% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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