Zillow Group, Inc. (NASDAQ:ZG) Given Consensus Rating of “Hold” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZG) have been assigned an average recommendation of “Hold” from the twenty-five ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $52.2857.

A number of research analysts have recently commented on the company. BTIG Research reiterated a “neutral” rating on shares of Zillow Group in a research note on Thursday, June 11th. KeyCorp reduced their price objective on Zillow Group from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Susquehanna lowered their target price on Zillow Group from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their target price on Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Finally, Mizuho dropped their target price on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th.

Zillow Group Price Performance

Shares of NASDAQ:ZG opened at $36.78 on Monday. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 167.19, a PEG ratio of 1.60 and a beta of 1.95. The firm has a 50 day simple moving average of $33.24 and a 200 day simple moving average of $39.25. Zillow Group has a one year low of $29.03 and a one year high of $90.22.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. As a group, analysts expect that Zillow Group will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, CTO David A. Beitel sold 1,798 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total value of $61,563.52. Following the completion of the transaction, the chief technology officer owned 133,013 shares in the company, valued at $4,554,365.12. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dan Spaulding sold 3,169 shares of Zillow Group stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $35.37, for a total transaction of $112,087.53. Following the sale, the insider owned 44,561 shares in the company, valued at approximately $1,576,122.57. This represents a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 37,351 shares of company stock valued at $1,280,657 over the last three months. Insiders own 29.88% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. NEOS Investment Management LLC lifted its holdings in shares of Zillow Group by 13.5% during the second quarter. NEOS Investment Management LLC now owns 11,361 shares of the technology company’s stock worth $356,000 after purchasing an additional 1,352 shares during the period. AXQ Capital LP bought a new stake in shares of Zillow Group in the 2nd quarter valued at $2,015,000. Nykredit A S acquired a new stake in Zillow Group during the 2nd quarter worth about $65,000. Headlands Technologies LLC acquired a new stake in Zillow Group during the second quarter worth approximately $1,025,000. Finally, Kahn Brothers Group Inc. acquired a new stake in shares of Zillow Group during the 2nd quarter worth approximately $37,265,000. Institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

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.