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

Zillow Group (NASDAQ:ZG) had its price target boosted by analysts at Evercore ISI from $75.00 to $90.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s target price points to a potential upside of 24.99% from the stock’s previous close.

ZG has been the subject of a number of other research reports. Robert W. Baird assumed coverage on Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. Benchmark increased their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their target price on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson lifted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Susquehanna increased their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.84.

Zillow Group Trading Down 14.1 %

Shares of NASDAQ:ZG opened at $72.00 on Wednesday. The stock has a 50 day moving average of $75.77 and a 200 day moving average of $65.66. The company has a market cap of $16.82 billion, a PE ratio of -124.80, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 22,739 shares of the company’s stock, valued at $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,730 shares of company stock worth $10,896,034 over the last quarter. Insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

A number of hedge funds have recently added to or reduced their stakes in ZG. Norges Bank bought a new stake in Zillow Group during the 4th quarter valued at $165,326,000. Geode Capital Management LLC boosted its position in Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares in the last quarter. State Street Corp grew its stake in Zillow Group by 0.4% in the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after purchasing an additional 2,832 shares during the last quarter. Virtu Financial LLC raised its holdings in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after purchasing an additional 211,482 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Zillow Group by 6.5% during the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after buying an additional 18,136 shares during the last quarter. 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.