Jefferies Financial Group Cuts Zillow Group (NASDAQ:Z) Price Target to $60.00

Zillow Group (NASDAQ:Z) had its price objective decreased by investment analysts at Jefferies Financial Group from $75.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 86.39% from the company’s current price.

A number of other analysts also recently commented on Z. Zacks Research upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $50.00 to $37.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, UBS Group reduced their price objective on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.38.

Zillow Group Price Performance

Zillow Group stock opened at $32.19 on Tuesday. The company has a fifty day simple moving average of $34.97 and a 200-day simple moving average of $46.04. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 128.76, a PEG ratio of 1.38 and a beta of 1.98. Zillow Group has a 52-week low of $29.23 and a 52-week high of $93.88.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. On average, research analysts anticipate that Zillow Group will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeremy Wacksman sold 9,072 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.54, for a total value of $331,490.88. Following the transaction, the chief executive officer directly owned 153,699 shares in the company, valued at approximately $5,616,161.46. This represents a 5.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erik C. Blachford sold 791 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $34.80, for a total value of $27,526.80. Following the transaction, the director owned 34,952 shares of the company’s stock, valued at approximately $1,216,329.60. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 42,910 shares of company stock valued at $1,605,732. 23.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in Z. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the fourth quarter worth about $28,000. Flagship Harbor Advisors LLC purchased a new stake in Zillow Group during the fourth quarter worth approximately $43,000. Leonteq Securities AG lifted its position in shares of Zillow Group by 627.0% during the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,160 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Zillow Group by 283.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 1,045 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of Zillow Group during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group News Roundup

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

• Negative Sentiment: A class action lawsuit was filed alleging Zillow made misleading statements related to its anticompetitive agreement with Redfin, with plaintiffs arguing the alleged conduct contributed to a significant stock decline. Z, ZG Court News: Zillow Class Action Lawsuit Alleges Securities Fraud on behalf of Investors with Losses
• Negative Sentiment: Multiple law firms, including Faruqi & Faruqi, Rosen, Bronstein, Gewirtz & Grossman, and the Schall Law Firm, are actively urging investors to join or lead class actions, keeping legal risk front and center for the stock. ZG and Z EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Zillow Group (ZG, Z) Investors of Securities Class Action Lawsuit Deadline on August 10, 2026
• Neutral Sentiment: Several notices remind investors of the August 10, 2026 lead-plaintiff deadline for the securities class action, indicating the litigation process is moving forward but adding no new business developments. ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Zillow Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – Z, ZG
• Neutral Sentiment: Keefe, Bruyette & Woods lowered its price target on Zillow and kept a market-perform rating, reflecting a more cautious stance from Wall Street, though the revised target still implies some upside from current levels. Benzinga report on KBW price target cut

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.