Benchmark Lowers Zillow Group (NASDAQ:ZG) Price Target to $80.00

Zillow Group (NASDAQ:ZG) had its price target reduced by investment analysts at Benchmark from $110.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Benchmark’s target price suggests a potential upside of 135.64% from the company’s previous close.

ZG has been the subject of a number of other reports. Wells Fargo & Company raised their price target on shares of Zillow Group from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Barclays dropped their price objective on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. DA Davidson reduced their target price on shares of Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Thursday. Cantor Fitzgerald lowered their price target on shares of Zillow Group from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Zacks Research downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.86.

Zillow Group Price Performance

Shares of ZG stock opened at $33.95 on Thursday. Zillow Group has a 1-year low of $29.03 and a 1-year high of $90.22. The stock’s fifty day moving average price is $33.16 and its 200 day moving average price is $41.54. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 154.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.95.

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

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 5,501 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $205,737.40. Following the transaction, the chief financial officer directly owned 68,315 shares of the company’s stock, valued at approximately $2,554,981. This trade represents a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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, insider Dan Spaulding sold 3,078 shares of Zillow Group stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. The trade was a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last quarter, insiders have sold 42,910 shares of company stock valued at $1,605,732. 29.88% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. Polianta Ltd acquired a new stake in Zillow Group during the 1st quarter worth $1,494,000. Independent Franchise Partners LLP boosted its stake in Zillow Group by 1.1% during the 4th quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock worth $138,135,000 after purchasing an additional 21,862 shares during the last quarter. Deltroit Asset Management UK LLP purchased a new stake in shares of Zillow Group during the fourth quarter worth $2,715,000. Finally, IMC Chicago LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $1,050,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Key Headlines 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.

About Zillow Group

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.