Citizens Jmp Cuts Zillow Group (NASDAQ:ZG) Price Target to $46.00

Zillow Group (NASDAQ:ZG) had its price objective reduced by analysts at Citizens Jmp from $75.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s price target points to a potential upside of 34.89% from the stock’s previous close.

ZG has been the topic of a number of other reports. Wells Fargo & Company cut their price target on shares of Zillow Group from $46.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group lowered their price objective on shares of Zillow Group from $75.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, July 31st. BTIG Research restated a “neutral” rating on shares of Zillow Group in a report on Thursday, June 11th. Benchmark cut their target price on shares of Zillow Group from $110.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $54.29.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded up $0.34 during trading on Friday, reaching $34.10. The stock had a trading volume of 536,964 shares, compared to its average volume of 1,194,752. The company has a market cap of $7.80 billion, a P/E ratio of 155.80, a PEG ratio of 1.58 and a beta of 1.95. Zillow Group has a fifty-two week low of $29.03 and a fifty-two week high of $90.22. The business’s 50-day moving average price is $33.19 and its 200-day moving average price is $41.59.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a return on equity of 2.27% and a net margin of 1.96%.The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.25 million. During the same quarter in the prior year, the company earned $0.40 EPS. Zillow Group’s revenue was up 17.9% on a year-over-year basis. Analysts forecast that Zillow Group will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Erik C. Blachford sold 791 shares of Zillow Group stock in a transaction on Monday, June 8th. The shares were sold at an average price of $34.80, for a total transaction of $27,526.80. Following the completion of the sale, the director directly owned 34,952 shares of the company’s stock, valued at approximately $1,216,329.60. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $115,117.20. Following the transaction, the insider owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. The trade was a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 42,910 shares of company stock worth $1,605,732. 29.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Zillow Group during the 4th quarter worth $152,050,000. M&T Bank Corp lifted its position in Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. UBS Group AG boosted its stake in Zillow Group by 44.5% in the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after acquiring an additional 313,643 shares in the last quarter. Tiger Global Management LLC boosted its stake in Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock valued at $69,849,000 after acquiring an additional 240,690 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Zillow Group by 271.9% during the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock worth $21,864,000 after purchasing an additional 214,743 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Key Stories Impacting Zillow Group

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

• Positive Sentiment: Zillow reported second-quarter adjusted EPS of $0.52, exceeding the $0.44 analyst consensus, while revenue rose 17.9% year over year to $772 million and topped estimates. Growth in mortgage and rental businesses supported the results. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Despite reducing its price target, Benchmark maintained a “buy” rating and set an $80 target, implying substantial potential upside from current levels. DA Davidson also retained its “buy” rating with a $50 target. Analyst Price Target Changes
• Neutral Sentiment: Zillow’s July market report showed home sales up 7% year over year, but the company said pending sales declined sharply from June as mortgage rates reached a one-year high. The data suggests recent strength may not persist into the second half. Zillow July Market Report
• Negative Sentiment: Management forecast third-quarter revenue of $745 million to $760 million, below the $772.3 million consensus, while full-year revenue guidance of $2.9 billion to $3.0 billion only reaches the low end of expectations. A $36 million restructuring charge also contributed to a reported $4 million net loss. Zillow Stock Sinks Despite Q2 Earnings Beat
• Negative Sentiment: Analyst sentiment weakened after earnings: Evercore downgraded Zillow to “hold” with a $40 target, Wells Fargo assigned an “equal weight” rating and cut its target to $35, and Susquehanna lowered its target to $38. RBC also cited near-term pressure from Zillow’s shift toward a preferred operating model. Zillow Preferred-Model Shift Adds Near-Term Pressure
• Negative Sentiment: Multiple law firms are soliciting investors ahead of an August 10 deadline to participate in a securities-fraud class action covering purchases made from February 11, 2025, through May 7, 2026. The litigation adds reputational and potential financial risk. Berger Montague Zillow Securities-Fraud Class Action

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.