Zillow Group (NASDAQ:ZG) Price Target Raised to $82.00

Zillow Group (NASDAQ:ZG) had its price objective hoisted by JMP Securities from $62.00 to $82.00 in a research note released on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the technology company’s stock.

A number of other research firms have also issued reports on ZG. Piper Sandler reissued an “overweight” rating and set a $73.00 price target (up from $62.00) on shares of Zillow Group in a research report on Thursday. Barclays boosted their target price on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. Citigroup boosted their price objective on Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. 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 report on Monday, September 16th. Finally, Craig Hallum boosted their price target on Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.28.

Zillow Group Stock Up 0.8 %

Shares of NASDAQ ZG traded up $0.54 during mid-day trading on Thursday, hitting $70.63. The stock had a trading volume of 410,589 shares, compared to its average volume of 623,155. 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 50 day moving average of $59.25 and a two-hundred day moving average of $50.30. Zillow Group has a twelve month low of $34.33 and a twelve month high of $71.28.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.34% and a negative net margin of 6.17%. The business had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts forecast that Zillow Group will post -0.33 earnings per share for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Amy Bohutinsky sold 20,625 shares of the business’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 transaction of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now owns 2,826 shares in the company, valued at $172,696.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,596 shares of company stock valued at $3,938,581 over the last 90 days. Corporate insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently added to or reduced their stakes in ZG. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group in the third quarter valued at $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at about $53,000. Signaturefd LLC grew its stake in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the last quarter. GAMMA Investing LLC grew its stake in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Zillow Group during the first quarter worth approximately $84,000. 20.32% of the stock is owned by hedge funds and other 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.