Wells Fargo & Company Lowers Zillow Group (NASDAQ:ZG) Price Target to $45.00

Zillow Group (NASDAQ:ZG) had its target price lowered by Wells Fargo & Company from $60.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 3.72% from the company’s current price.

ZG has been the topic of a number of other reports. Robert W. Baird lowered their price target on shares of Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Citizens Jmp reduced their target price on shares of Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a research note on Monday, January 12th. Cantor Fitzgerald dropped their price target on shares of Zillow Group from $56.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $72.73.

Zillow Group Trading Down 3.2%

Zillow Group stock traded down $1.45 during mid-day trading on Thursday, hitting $43.38. The company had a trading volume of 706,996 shares, compared to its average volume of 1,079,315. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 484.68, a P/E/G ratio of 2.15 and a beta of 2.04. Zillow Group has a 12-month low of $39.14 and a 12-month high of $90.22. The company’s fifty day moving average is $43.69 and its 200-day moving average is $58.04.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. Zillow Group’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. As a group, sell-side analysts expect that Zillow Group will post 0.82 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, CEO Jeremy Wacksman sold 13,661 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the transaction, the chief executive officer directly owned 116,322 shares of the company’s stock, valued at $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 5,361 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95. Following the transaction, the insider directly owned 41,080 shares in the company, valued at $1,805,466. This represents a 11.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 60,801 shares of company stock valued at $2,683,986. Company insiders own 29.88% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aberdeen Group plc acquired a new position in shares of Zillow Group in the third quarter valued at approximately $2,529,000. Y Intercept Hong Kong Ltd bought a new position in shares of Zillow Group during the third quarter valued at $1,443,000. Tabor Asset Management LP acquired a new position in shares of Zillow Group during the third quarter worth $2,428,000. Emmett Investment Management LP bought a new stake in shares of Zillow Group in the third quarter worth $2,860,000. Finally, M&T Bank Corp increased its holdings 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 purchasing an additional 1,600,097 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Key Zillow Group News

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

• Positive Sentiment: Q1 beat and business momentum: Zillow reported better-than-expected Q1 results with strong year‑over‑year revenue growth, mortgage originations up ~96% and rental revenues rising ~42% — signs that its mortgage and multifamily/rental businesses are accelerating. Zillow’s Q1 Earnings Beat
• Positive Sentiment: Q1 earnings per share outperformed some estimates (Zacks flagged a $0.53 EPS outcome vs a ~$0.43 consensus) and revenue showed healthy Y/Y growth, supporting the narrative that Zillow’s diversified businesses are expanding. Earnings Call Transcript
• Neutral Sentiment: Q2 revenue guide is roughly $750M–$765M (consensus ~$760M) — broadly in line but slightly skewed to the low side of estimates, leaving limited near‑term upside if macro demand softens. Q1 Results & Guidance
• Neutral Sentiment: Traffic trends: Zillow reported higher profit but modest traffic decline (≈3% drop in average monthly uniques), a signal that engagement growth isn’t yet powering a commensurate top‑line lift. WSJ: Higher Profit, Lower Traffic
• Neutral Sentiment: April Market Report: inventory is building and buyer demand cooled vs March — a housing backdrop that could limit near‑term recovery in residential transactions. April Market Report
• Negative Sentiment: Analysts trimmed price targets: KeyCorp, Piper Sandler and Mizuho lowered targets (e.g., KeyCorp $75→$65; Piper $70→$55; Mizuho $65→$53) — ratings largely remain constructive but the cuts reduce near‑term analyst upside and can pressure sentiment. Analyst Coverage Notes
• Negative Sentiment: Rosen Law Firm announced a securities‑class‑action investigation into Zillow, creating legal overhang and potential risk to sentiment until the issue is resolved. Rosen Law Firm Notice

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.