Craig Hallum Issues Positive Forecast for Zillow Group (NASDAQ:ZG) Stock Price

Zillow Group (NASDAQ:ZG) had its target price upped by Craig Hallum from $55.00 to $70.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

ZG has been the topic of several other reports. UBS Group boosted their price target on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group raised their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday. Benchmark upped their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Evercore ISI raised their price objective on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday. One equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.28.

Zillow Group Trading Up 0.8 %

Shares of NASDAQ ZG traded up $0.54 during mid-day trading on Thursday, reaching $70.63. The company had a trading volume of 410,589 shares, compared to its average volume of 623,155. Zillow Group has a 1-year low of $34.33 and a 1-year high of $71.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The company has a 50-day moving average price of $59.25 and a two-hundred day moving average price of $50.30.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.34%. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts expect that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the sale, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Zillow Group news, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the sale, the general counsel now directly owns 35,259 shares in the company, valued at $1,873,310.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were 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 owns 5,652 shares of the company’s stock, valued at $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,596 shares of company stock valued at $3,938,581 over the last 90 days. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ZG. Central Pacific Bank Trust Division acquired a new stake in Zillow Group during the first quarter worth approximately $84,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Zillow Group during the 1st quarter valued at $118,000. Duality Advisers LP grew its holdings in shares of Zillow Group by 36.9% during the 1st quarter. Duality Advisers LP now owns 20,455 shares of the technology company’s stock worth $979,000 after purchasing an additional 5,510 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Zillow Group by 146.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 39,741 shares of the technology company’s stock worth $1,902,000 after purchasing an additional 23,612 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Zillow Group in the first quarter valued at about $218,000. 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.