Zillow Group, Inc. (NASDAQ:Z) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZGet Free Report) have received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $79.75.

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings upgraded Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th.

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Insider Activity at Zillow Group

In related news, General Counsel Bradley D. Owens sold 3,364 shares of Zillow Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the transaction, the general counsel directly owned 65,245 shares in the company, valued at approximately $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, insider Errol G. Samuelson sold 2,939 shares of Zillow Group stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $37.97, for a total value of $111,593.83. Following the transaction, the insider owned 134,039 shares of the company’s stock, valued at approximately $5,089,460.83. This represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 33,047 shares of company stock valued at $1,246,715 in the last 90 days. 23.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in Zillow Group in the third quarter valued at approximately $27,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Zillow Group in the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its holdings in Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares during the period. Finally, Pittenger & Anderson Inc. grew its holdings in Zillow Group by 32.8% in the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Down 3.1%

Shares of NASDAQ:Z opened at $36.00 on Wednesday. Zillow Group has a 52-week low of $35.76 and a 52-week high of $93.88. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 144.00, a PEG ratio of 1.59 and a beta of 2.07. The business has a 50-day moving average price of $42.59 and a 200-day moving average price of $56.60.

Zillow Group (NASDAQ:ZGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. As a group, equities analysts anticipate that Zillow Group will post 0.9 EPS for the current fiscal year.

Zillow Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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