Zillow Group, Inc. (NASDAQ:Z) Stock Has Consensus Target Price of $57.71 According to Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given an average rating of “Hold” by the sixteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $57.71.

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Zillow Group from $60.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Sanford C. Bernstein lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Zacks Research cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 5th. Finally, Evercore downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th.

Insider Activity at Zillow Group

In other news, insider Errol Samuelson sold 3,154 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total value of $107,992.96. Following the sale, the insider owned 130,885 shares of the company’s stock, valued at approximately $4,481,502.40. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,339 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $319,207.02. Following the completion of the sale, the chief executive officer directly owned 138,574 shares in the company, valued at $4,736,459.32. This represents a 6.31% 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. Insiders sold 37,352 shares of company stock worth $1,284,523 in the last quarter. Company insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ieq Capital LLC lifted its holdings in Zillow Group by 29.2% in the 3rd quarter. Ieq Capital LLC now owns 76,036 shares of the financial services provider’s stock valued at $2,063,000 after acquiring an additional 17,164 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Zillow Group by 267.6% during the 3rd quarter. Voya Investment Management LLC now owns 46,622 shares of the financial services provider’s stock valued at $1,265,000 after purchasing an additional 33,939 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Zillow Group by 940.5% in the 3rd quarter. Global Retirement Partners LLC now owns 5,962 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 5,389 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Zillow Group by 112.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,800 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Zillow Group by 4.1% in the 3rd quarter. Cibc World Market Inc. now owns 27,174 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 1,069 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Down 5.5%

Z stock opened at $28.98 on Wednesday. The company has a 50-day simple moving average of $30.59 and a 200 day simple moving average of $37.89. The company has a market capitalization of $6.52 billion, a P/E ratio of -55.73, a PEG ratio of 2.03 and a beta of 1.98. Zillow Group has a fifty-two week low of $26.67 and a fifty-two week high of $77.07.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, November 4th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $753.54 million. Zillow Group had a negative net margin of 3.95% and a positive return on equity of 3.23%. Equities analysts anticipate that Zillow Group will post 0.91 EPS for the current year.

About Zillow Group

Zillow Group, Inc. operates a collection of digital real estate brands, including Zillow, Trulia, StreetEasy and HotPads. Its platforms help consumers search for homes to buy or rent, explore neighborhoods and connect with real estate professionals. The company also offers services and tools for real estate agents, landlords and other industry participants, along with mortgage and home transaction services. Zillow’s Zestimate provides an estimate of a home’s value, while its rental products support apartment and home searches and connections between renters and property managers.