Zillow Group (NASDAQ:ZG) Earns Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Zillow Group (NASDAQ:ZG) in a research note issued to investors on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $47.00 target price on the technology company’s stock.

Several other equities research analysts have also recently commented on the company. Wedbush raised Zillow Group from a neutral rating to an outperform rating and raised their target price for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Barclays raised their target price on Zillow Group from $35.00 to $36.00 and gave the stock an underweight rating in a research note on Thursday, August 8th. Craig Hallum raised their target price on Zillow Group from $51.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, August 8th. DA Davidson raised their price objective on Zillow Group from $52.00 to $71.00 and gave the company a buy rating in a research note on Wednesday, September 25th. Finally, Susquehanna raised their price objective on Zillow Group from $42.00 to $55.00 and gave the company a neutral rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $60.94.

Zillow Group Price Performance

Shares of ZG opened at $61.74 on Monday. Zillow Group has a 1 year low of $33.23 and a 1 year high of $66.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of -89.07 and a beta of 2.00. The business has a 50-day moving average of $53.97 and a 200-day moving average of $47.85.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million during the quarter, compared to the consensus estimate of $538.36 million. During the same period last year, the company earned ($0.05) earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Zillow Group will post -0.33 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the sale, the chairman now directly owns 582 shares in the company, valued at $29,583.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the sale, the chairman now owns 582 shares in the company, valued at $29,583.06. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 over the last ninety days. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina boosted its holdings in shares of Zillow Group by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,511 shares of the technology company’s stock worth $1,390,000 after purchasing an additional 230 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Zillow Group by 9.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after acquiring an additional 421 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Zillow Group by 4.2% in the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after acquiring an additional 504 shares during the last quarter. Finally, Garde Capital Inc. lifted its stake in shares of Zillow Group by 1.0% in the 1st quarter. Garde Capital Inc. now owns 60,072 shares of the technology company’s stock valued at $2,875,000 after acquiring an additional 600 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.