Zillow Group (NASDAQ:ZG) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Zillow Group (NASDAQ:ZG) had its target price increased by investment analysts at Cantor Fitzgerald from $62.00 to $70.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 16.51% from the company’s current price.

A number of other analysts have also commented on ZG. Susquehanna upped their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Craig Hallum boosted their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Benchmark raised their target price on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $79.21.

Zillow Group Price Performance

NASDAQ ZG opened at $83.84 on Wednesday. Zillow Group has a 1 year low of $38.06 and a 1 year high of $86.58. The business’s fifty day moving average is $75.77 and its two-hundred day moving average is $65.66. The stock has a market capitalization of $19.58 billion, a P/E ratio of -147.09, a P/E/G ratio of 15.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. On average, research analysts forecast that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Jennifer Rock sold 8,225 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the sale, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,730 shares of company stock valued at $10,896,034. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC boosted its position in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after buying an additional 211,482 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $14,916,000. Cynosure Group LLC bought a new stake in Zillow Group during the 3rd quarter worth approximately $12,248,000. Mirabella Financial Services LLP acquired a new stake in Zillow Group during the 3rd quarter valued at $11,351,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new position in Zillow Group in the 3rd quarter valued at $9,813,000. Institutional investors own 20.32% 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.