Zillow Group (NASDAQ:ZG) Price Target Cut to $35.00 by Analysts at Barclays

Zillow Group (NASDAQ:ZG) had its price target cut by Barclays from $40.00 to $35.00 in a research note published on Thursday morning, Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other research analysts have also recently commented on ZG. Craig Hallum decreased their price target on Zillow Group from $65.00 to $51.00 and set a buy rating on the stock in a research report on Thursday. DA Davidson reaffirmed a buy rating and set a $63.00 price target on shares of Zillow Group in a report on Friday, April 5th. Canaccord Genuity Group reduced their price target on shares of Zillow Group from $58.00 to $50.00 and set a hold rating on the stock in a research report on Monday, April 29th. Susquehanna boosted their price objective on shares of Zillow Group from $36.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Finally, Bank of America cut Zillow Group from a buy rating to a neutral rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $57.25.

Zillow Group Stock Up 2.2 %

Shares of NASDAQ:ZG opened at $40.07 on Thursday. The company’s 50-day moving average price is $47.44 and its two-hundred day moving average price is $47.55. The company has a quick ratio of 3.24, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.36 billion, a P/E ratio of -58.07 and a beta of 1.87. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. As a group, research analysts forecast that Zillow Group will post -0.18 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now directly owns 56,384 shares of the company’s stock, valued at $3,230,239.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the completion of the sale, the chief accounting officer now directly owns 56,384 shares of the company’s stock, valued at $3,230,239.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Susan Daimler sold 15,206 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction 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 171,289 shares of company stock valued at $9,642,508 in the last ninety days. 17.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina raised its stake in shares of Zillow Group by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,511 shares of the technology company’s stock worth $1,390,000 after purchasing an additional 230 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after acquiring an additional 237 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Zillow Group by 1.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after acquiring an additional 250 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Zillow Group by 2.3% during the third quarter. Ieq Capital LLC now owns 12,955 shares of the technology company’s stock valued at $580,000 after purchasing an additional 286 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Zillow Group by 2.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,542 shares of the technology company’s stock valued at $882,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 20.32% 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.