Zillow Group (NASDAQ:ZG) Given New $30.00 Price Target at Wells Fargo & Company

Zillow Group (NASDAQ:ZG) had its price objective decreased by Wells Fargo & Company from $31.00 to $30.00 in a research report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

ZG has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Citigroup lowered their price target on Zillow Group from $68.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on Zillow Group in a research note on Monday, August 24th. UBS Group dropped their target price on Zillow Group from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Finally, Cantor Fitzgerald lowered their price objective on shares of Zillow Group from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.95.

Zillow Group Stock Down 9.4%

Shares of NASDAQ ZG opened at $31.21 on Thursday. Zillow Group has a 12 month low of $27.25 and a 12 month high of $74.80. The company has a market cap of $7.02 billion, a price-to-earnings ratio of -60.02, a P/E/G ratio of 1.47 and a beta of 1.95. The business has a fifty day simple moving average of $31.72 and a 200-day simple moving average of $38.68.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The company had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $753.66 million. Zillow Group had a positive return on equity of 3.18% and a negative net margin of 3.95%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. As a group, sell-side analysts expect that Zillow Group will post 0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, Director Erik C. Blachford sold 792 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $28,282.32. Following the transaction, the director owned 34,160 shares in the company, valued at $1,219,853.60. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Claire Thielke sold 1,187 shares of Zillow Group stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the transaction, the director directly owned 2,375 shares in the company, valued at approximately $84,811.25. This represents a 33.32% 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. Insiders have sold 38,539 shares of company stock worth $1,323,800 in the last 90 days. 29.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ZG. Integrated Wealth Concepts LLC bought a new stake in Zillow Group during the second quarter valued at about $29,000. Ninety One SA Pty Ltd bought a new position in Zillow Group in the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Zillow Group by 183.6% in the first quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock valued at $41,000 after acquiring an additional 637 shares during the period. Fifth Third Bancorp grew its stake in shares of Zillow Group by 990.3% in the first quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock worth $42,000 after acquiring an additional 921 shares during the last quarter. Finally, Nykredit A S acquired a new position in Zillow Group during the 2nd quarter valued at $65,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group News Roundup

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

• Positive Sentiment: Piper Sandler kept its “overweight” rating and Citizens JMP maintained “market outperform”; although both lowered their price targets, the new targets of $39 and $40 remain above the recent share price. Piper Sandler analyst update Citizens JMP analyst update
• Neutral Sentiment: Third-quarter revenue increased 7.1% year over year to $724 million, with rentals helping cushion weakness in home sales. That growth was below analysts’ $753.7 million estimate. Zillow revenue and rentals report
• Negative Sentiment: Zillow reported Q3 adjusted earnings of $0.55 per share, below the $0.60 consensus, while revenue also missed expectations. The shortfall weighed on sentiment despite earnings being higher than a year earlier. Zillow Q3 earnings results
• Negative Sentiment: Zillow’s October market report showed preliminary existing-home sales down 8.7% year over year and newly pending listings down 16.8%—the steepest annual decline since August 2023. A weaker sales pipeline could constrain future industry activity and Zillow’s growth. Zillow October Market Report
• Negative Sentiment: Several firms reduced their targets: Wells Fargo cut its target to $30 and kept an “equal weight” rating; Bernstein lowered its target to $34 with “market perform”; Cantor Fitzgerald cut to $26 and “neutral.” These reductions reinforce concerns about near-term upside. Analyst target changes

About Zillow Group

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms for consumers, real estate professionals, and other housing industry participants. Its services are designed to help people search for homes, understand property values, connect with agents, and manage transactions throughout the residential real estate process.

The company’s portfolio includes Zillow, Trulia, StreetEasy, HotPads, and ShowingTime+. Zillow provides home listings, estimated property values, rental information, agent connections, mortgage resources, and other housing-related tools.