Brokerages Set Zillow Group, Inc. (NASDAQ:Z) Price Target at $58.75

Zillow Group, Inc. (NASDAQ:Z) has received an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $56.20.

A number of equities analysts recently weighed in on Z shares. JPMorgan Chase & Co. dropped their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Wedbush cut their price objective on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group lifted their target price on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $41.70 on Tuesday. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13. The company’s fifty day simple moving average is $48.32 and its 200-day simple moving average is $48.95. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The company had revenue of $529.00 million for the quarter, compared to the consensus estimate of $509.30 million. During the same quarter last year, the firm posted ($0.06) earnings per share. On average, equities analysts anticipate that Zillow Group will post -0.18 earnings per share for the current year.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 15,206 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction of $857,010.16. Following the sale, the insider now owns 36,148 shares of the company’s stock, valued at approximately $2,037,301.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zillow Group news, insider Susan Daimler sold 15,206 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now directly owns 48,294 shares in the company, valued at approximately $2,801,052. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of Zillow Group in the fourth quarter worth about $25,000. Concord Wealth Partners acquired a new stake in Zillow Group during the 1st quarter valued at approximately $26,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $33,000. Montag A & Associates Inc. acquired a new stake in shares of Zillow Group in the third quarter worth $37,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Zillow Group during the first quarter worth $37,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Company Profile

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.