Zillow Group (NASDAQ:ZG) Given New $45.00 Price Target at Wells Fargo & Company

Zillow Group (NASDAQ:ZG) had its target price trimmed by Wells Fargo & Company from $60.00 to $45.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

Several other analysts also recently commented on the stock. Sanford C. Bernstein reduced their price target on shares of Zillow Group from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Barclays reduced their price target on shares of Zillow Group from $66.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, April 27th. Susquehanna set a $50.00 price objective on shares of Zillow Group in a research report on Thursday, February 12th. Finally, KeyCorp cut their price objective on shares of Zillow Group from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.90.

Zillow Group Price Performance

ZG stock opened at $44.04 on Thursday. The company has a fifty day moving average price of $43.69 and a 200 day moving average price of $57.86. Zillow Group has a 12 month low of $39.14 and a 12 month high of $90.22. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 176.16, a price-to-earnings-growth ratio of 2.20 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.37%. The firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.17 million. During the same quarter in the prior year, the firm earned $0.41 EPS. Zillow Group’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, analysts anticipate that Zillow Group will post 0.82 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the transaction, the chief executive officer owned 116,322 shares in the company, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,786 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares of the company’s stock, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,801 shares of company stock worth $2,683,986 in the last 90 days. Corporate insiders own 29.88% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Large investors have recently made changes to their positions in the stock. Arax Advisory Partners increased its holdings in shares of Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after purchasing an additional 354 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after purchasing an additional 187 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Zillow Group in the 4th quarter valued at about $34,000. Fifth Third Bancorp increased its holdings in shares of Zillow Group by 990.3% in the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock valued at $42,000 after purchasing an additional 921 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Zillow Group in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Key Headlines Impacting Zillow Group

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

• Positive Sentiment: Q1 revenue growth and business momentum: Zillow reported year‑over‑year revenue growth driven by a big jump in mortgage originations and rental revenue, highlighting strength in its diversified home‑finance and rentals businesses. Zacks: Zillow’s Q1 Earnings Beat Estimates
• Neutral Sentiment: Guidance roughly in line with expectations: Zillow gave Q2 revenue guidance of about $750.0–$765.0M versus a consensus near $760.3M — broadly in range but not clearly upside. See the company release for details. PR Newswire: Q1 Financial Results
• Negative Sentiment: Analysts cut price targets: Several firms trimmed targets (Wells Fargo to $45, Mizuho to $53, Piper Sandler to $55, KeyCorp to $65). Those cuts reduce upside and signal increased caution from sell‑side analysts. Benzinga: Analyst Price Target Moves
• Negative Sentiment: Securities‑class‑action investigation announced: Rosen Law Firm is soliciting Zillow shareholders for a potential securities class action alleging materially misleading statements, which can increase legal and reputational risk. Newsfile: Rosen Law Firm Investigation
• Negative Sentiment: Mixed/conflicting earnings coverage and traffic decline create uncertainty: Some outlets reported an EPS beat while others flagged a miss or lower traffic (WSJ reports traffic down ~3%), which may be amplifying investor uncertainty about growth sustainability and margins. MarketBeat: Earnings summary WSJ: Traffic decline

Zillow Group Company Profile

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.