Zillow Group, Inc. (NASDAQ:Z) Given Average Rating of “Moderate Buy” by Analysts

Zillow Group, Inc. (NASDAQ:Z) has been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $67.20.

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th.

Zillow Group Stock Performance

NASDAQ:Z opened at $63.77 on Friday. Zillow Group has a 1-year low of $33.80 and a 1-year high of $68.73. The company’s fifty day moving average price is $55.71 and its 200-day moving average price is $49.09. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. As a group, analysts anticipate that Zillow Group will post -0.33 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now directly owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,999 shares of company stock worth $11,780,363. Corporate insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Large investors have recently bought and sold shares of the company. Doliver Advisors LP boosted its stake in shares of Zillow Group by 3.3% during the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after buying an additional 310 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Zillow Group during the second quarter worth $319,000. Coronation Fund Managers Ltd. lifted its stake in Zillow Group by 7.2% during the second quarter. Coronation Fund Managers Ltd. now owns 273,408 shares of the financial services provider’s stock worth $12,683,000 after purchasing an additional 18,250 shares during the last quarter. Garde Capital Inc. lifted its stake in Zillow Group by 60.0% in the second quarter. Garde Capital Inc. now owns 310,247 shares of the financial services provider’s stock valued at $14,392,000 after buying an additional 116,340 shares during the last quarter. Finally, Quarry LP bought a new stake in Zillow Group in the second quarter valued at $61,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.