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

Zillow Group (NASDAQ:ZG) had its target price raised by Susquehanna from $55.00 to $75.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other analysts also recently issued reports on ZG. Craig Hallum raised their price objective on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Evercore ISI upped their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group lifted their target price 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. Finally, Barclays boosted their target price on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Zillow Group Stock Performance

NASDAQ:ZG opened at $72.00 on Monday. The company’s 50-day moving average is $61.20 and its two-hundred day moving average is $51.33. Zillow Group has a 1-year low of $36.38 and a 1-year high of $73.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of -126.32 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. Analysts forecast that Zillow Group will post -0.33 EPS for the current year.

Insider Buying and Selling

In other news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated 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 transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 78.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,650 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $54.71, for a total value of $199,691.50. Following the sale, the chief accounting officer now directly owns 72,836 shares in the company, valued at $3,984,857.56. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,153 shares of company stock worth $2,432,349 over the last 90 days. 17.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group during the third quarter worth about $29,000. EntryPoint Capital LLC acquired a new position in Zillow Group during the first quarter worth approximately $53,000. GAMMA Investing LLC lifted its stake in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after acquiring an additional 360 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $212,000. 20.32% of the stock is currently 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.