Brokerages Set Zillow Group, Inc. (NASDAQ:ZG) Target Price at $77.05

Zillow Group, Inc. (NASDAQ:ZG) has received an average rating of “Moderate Buy” from the twenty-six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $77.0455.

Several equities analysts recently issued reports on ZG shares. BNP Paribas Exane began coverage on Zillow Group in a research note on Wednesday, January 14th. They set an “outperform” rating and a $85.00 target price on the stock. KeyCorp dropped their target price on Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. UBS Group set a $80.00 price target on shares of Zillow Group in a research note on Wednesday, February 11th. Barclays reduced their price target on shares of Zillow Group from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, Mizuho set a $65.00 price objective on shares of Zillow Group in a research note on Wednesday, February 11th.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 3,966 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the sale, the chief technology officer owned 136,690 shares of the company’s stock, valued at approximately $6,044,431.80. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,786 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total value of $340,481.78. Following the completion of the sale, the chief financial officer owned 57,487 shares in the company, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,801 shares of company stock worth $2,683,986 over the last three months. 17.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. DoubleLine ETF Adviser LP raised its position in Zillow Group by 4.9% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after purchasing an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Zillow Group by 4.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after buying an additional 156 shares in the last quarter. Signaturefd LLC increased its stake in shares of Zillow Group by 10.4% during the fourth quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock worth $117,000 after buying an additional 161 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 187 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Zillow Group by 23.1% in the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after acquiring an additional 194 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $40.41 on Friday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 449.05, a PEG ratio of 2.26 and a beta of 2.05. Zillow Group has a 52-week low of $39.99 and a 52-week high of $90.22. The business’s 50 day moving average is $50.26 and its two-hundred day moving average is $64.03.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The firm had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts anticipate that Zillow Group will post 0.32 EPS for the current fiscal year.

About Zillow Group

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.