Zillow Group (NASDAQ:ZG) Price Target Lowered to $90.00 at Piper Sandler

Zillow Group (NASDAQ:ZG) had its target price cut by Piper Sandler from $93.00 to $90.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts also recently weighed in on the company. Evercore ISI increased their target price on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird began coverage on Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. KeyCorp raised shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Monday, February 3rd. Craig Hallum increased their price target on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Susquehanna raised their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.95.

Zillow Group Trading Down 10.7 %

Shares of ZG stock opened at $74.87 on Wednesday. Zillow Group has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a market cap of $17.49 billion, a PE ratio of -131.35, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $75.68 and its two-hundred day moving average is $65.73.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. Equities analysts predict that Zillow Group will post -0.42 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 8,225 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at $4,487,023.20. The trade was a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total value of $1,250,690.00. Following the sale, the insider now owns 22,739 shares in the company, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,730 shares of company stock worth $10,896,034 over the last three months. 17.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Zillow Group

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $165,326,000. Arrowstreet Capital Limited Partnership raised its position in Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after purchasing an additional 241,331 shares during the last quarter. Virtu Financial LLC lifted its holdings in Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after buying an additional 211,482 shares in the last quarter. Raymond James Financial Inc. bought a new position in Zillow Group in the 4th quarter valued at $14,916,000. Finally, Cynosure Group LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $12,248,000. Institutional investors own 20.32% of the company’s stock.

About Zillow Group

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.