Benchmark Reaffirms “Buy” Rating for Zillow Group (NASDAQ:ZG)

Zillow Group (NASDAQ:ZG)‘s stock had its “buy” rating reaffirmed by Benchmark in a report issued on Tuesday, Benzinga reports. They currently have a $60.00 target price on the technology company’s stock. Benchmark’s price objective indicates a potential upside of 39.18% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Barclays upped their price target on shares of Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. Canaccord Genuity Group reduced their target price on Zillow Group from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Monday. Piper Sandler boosted their price target on Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $68.00 price objective on shares of Zillow Group in a research note on Friday, April 12th. Finally, Susquehanna lifted their target price on Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.20.

Zillow Group Stock Down 0.0 %

Shares of ZG opened at $43.11 on Tuesday. 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 has a 12 month low of $33.23 and a 12 month high of $59.23. The firm’s 50 day moving average is $48.30 and its 200-day moving average is $47.65. The stock has a market capitalization of $10.06 billion, a PE ratio of -63.40 and a beta of 1.83.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. Equities research analysts forecast that Zillow Group will post -0.15 EPS for the current year.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Daimler sold 15,206 shares of Zillow Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $56.36, for a total value of $857,010.16. Following the transaction, the insider now directly owns 36,148 shares in the company, valued at approximately $2,037,301.28. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock worth $9,642,508 in the last ninety days. Corporate insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at $26,000. Creative Financial Designs Inc. ADV purchased a new stake in Zillow Group during the fourth quarter worth about $31,000. Quadrant Capital Group LLC raised its position in Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after acquiring an additional 237 shares during the period. CWM LLC boosted its stake in Zillow Group by 100.0% in the third quarter. CWM LLC now owns 1,222 shares of the technology company’s stock valued at $55,000 after acquiring an additional 611 shares during the last quarter. Finally, AtonRa Partners bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $206,000. 20.32% of the stock is owned by institutional investors.

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.