Zillow Group (NASDAQ:ZG) Price Target Cut to $46.00 by Analysts at Piper Sandler

Zillow Group (NASDAQ:ZG) had its price target trimmed by Piper Sandler from $55.00 to $46.00 in a research note published on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Several other brokerages have also issued reports on ZG. Canaccord Genuity Group cut their target price on shares of Zillow Group from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Thursday. Barclays decreased their price target on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Citigroup dropped their price target on shares of Zillow Group from $68.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. Citizens Jmp cut their price objective on shares of Zillow Group from $75.00 to $46.00 and set a “market outperform” rating for the company in a research report on Friday. Finally, KeyCorp reduced their price objective on Zillow Group from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.86.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $33.95 on Friday. The stock’s 50-day simple moving average is $33.16 and its two-hundred day simple moving average is $41.54. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 154.33, a PEG ratio of 1.44 and a beta of 1.95. Zillow Group has a 52-week low of $29.03 and a 52-week high of $90.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, equities analysts forecast that Zillow Group will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the sale, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, CFO Jeremy Hofmann sold 5,501 shares of Zillow Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $205,737.40. Following the transaction, the chief financial officer directly owned 68,315 shares in the company, valued at $2,554,981. This represents a 7.45% decrease in their position. The SEC filing for this sale provides additional information. 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 a total of 42,910 shares of company stock worth $1,605,732 in the last ninety days. Corporate insiders own 29.88% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Arax Advisory Partners raised its holdings in Zillow Group by 402.3% during the fourth quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after acquiring an additional 354 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Zillow Group in the fourth quarter worth about $34,000. Kestra Advisory Services LLC bought a new position in shares of Zillow Group in the fourth quarter worth about $47,000. Quarry LP purchased a new stake in shares of Zillow Group during the fourth quarter worth about $56,000. Finally, Global Retirement Partners LLC grew its position in shares of Zillow Group by 4,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 846 shares of the technology company’s stock worth $58,000 after purchasing an additional 826 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Key Stories Impacting Zillow Group

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

• Positive Sentiment: Zillow reported second-quarter earnings of $0.52 per share, above the $0.44 analyst consensus, while revenue reached $772 million, exceeding expectations of $758.25 million. Revenue increased 17.9% year over year, supported by growth in mortgage and rentals. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Several analysts still see upside: Piper Sandler and Citizens JMP maintain bullish ratings with $46 price targets, while DA Davidson and Benchmark retain buy ratings despite lowering their targets. These targets remain above the stock’s recent trading level.
• Neutral Sentiment: Zillow’s July market report showed home sales rising 7% year over year, the strongest annual gain of 2026. However, the company said newly pending sales fell sharply from June as mortgage rates reached a one-year high, raising questions about the durability of the improvement. Zillow July Market Report
• Negative Sentiment: Analysts broadly lowered their expectations following the earnings report. Wells Fargo cut its target to $35 and assigned an equal-weight rating, Evercore downgraded Zillow to hold with a $40 target, and Susquehanna and Cantor Fitzgerald also reduced targets. RBC cited near-term pressure from Zillow’s preferred-model shift. Zillow Preferred-Model Shift Adds Near-Term Pressure
• Negative Sentiment: Multiple law firms are soliciting investors ahead of the August 10 lead-plaintiff deadline for a securities-fraud class action covering purchases from February 11, 2025, through May 7, 2026. The litigation involves alleged anticompetitive conduct and related regulatory risks, creating an additional overhang for ZG.

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.