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

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

Other analysts have also recently issued research reports about the company. Susquehanna upped their price objective on Zillow Group from $42.00 to $55.00 and gave the company a neutral rating in a research report on Monday, August 12th. Craig Hallum upped their price objective on Zillow Group from $51.00 to $55.00 and gave the company a buy rating in a research report on Thursday, August 8th. Benchmark upped their price objective on Zillow Group from $60.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 8th. Evercore ISI upped their price objective on Zillow Group from $50.00 to $55.00 and gave the company an outperform rating in a research report on Thursday, August 8th. Finally, DA Davidson upped their price target on Zillow Group from $52.00 to $71.00 and gave the stock a buy rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $60.94.

Zillow Group Trading Up 0.2 %

Shares of NASDAQ:ZG opened at $61.74 on Monday. The company has a market cap of $14.58 billion, a P/E ratio of -89.07 and a beta of 2.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group has a 1 year low of $33.23 and a 1 year high of $66.75. The stock’s fifty day moving average price is $53.97 and its 200-day moving average price is $47.85.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. Sell-side analysts expect that Zillow Group will post -0.33 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the sale, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 221,999 shares of company stock valued at $11,780,363. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of ZG. Treasurer of the State of North Carolina lifted its stake 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 valued at $1,390,000 after purchasing an additional 230 shares during the last quarter. Cibc World Markets Corp purchased a new position in Zillow Group during the 4th quarter worth $990,000. Tabor Asset Management LP increased its holdings in Zillow Group by 9.8% during the 4th quarter. Tabor Asset Management LP now owns 113,688 shares of the technology company’s stock worth $6,448,000 after purchasing an additional 10,146 shares during the period. Berkshire Capital Holdings Inc. increased its holdings in Zillow Group by 1,145,800.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock worth $6,630,000 after purchasing an additional 114,580 shares during the period. Finally, G2 Investment Partners Management LLC purchased a new position in Zillow Group during the 4th quarter worth $1,134,000. 20.32% of the stock is 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.