Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The sale was disclosed in a document filed with the SEC, which is available at this link.
Zillow Group Price Performance
NASDAQ:ZG opened at $47.86 on Friday. Zillow Group, Inc. has a 52-week low of $33.23 and a 52-week high of $59.23. The stock has a 50-day simple moving average of $52.85 and a 200 day simple moving average of $47.75. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22.
Zillow Group (NASDAQ:ZG – Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.
Institutional Trading of Zillow Group
Analyst Ratings Changes
Several equities analysts have weighed in on ZG shares. Piper Sandler lifted their target price on Zillow Group from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Benchmark upped their price target on Zillow Group from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Stephens reiterated an “overweight” rating and issued a $79.00 price target on shares of Zillow Group in a research report on Wednesday, February 14th. Bank of America cut Zillow Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 10th. Finally, Susquehanna upped their price target on Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.71.
Get Our Latest Stock Analysis on ZG
About Zillow Group
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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