Zillow Group (NASDAQ:ZG) Given New $75.00 Price Target at DA Davidson

Zillow Group (NASDAQ:ZG) had its price target lifted by investment analysts at DA Davidson from $71.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s target price points to a potential upside of 6.66% from the stock’s current price.

ZG has been the topic of several other reports. Benchmark upped their price target on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. The Goldman Sachs Group raised their price objective on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and set a $73.00 target price (up from $62.00) on shares of Zillow Group in a report on Thursday. Susquehanna upped their target price on Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday. 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.28.

Zillow Group Stock Performance

NASDAQ:ZG traded up $14.24 during mid-day trading on Thursday, reaching $70.32. 1,114,944 shares of the company’s stock were exchanged, compared to its average volume of 622,146. The firm has a market capitalization of $16.28 billion, a PE ratio of -114.25 and a beta of 2.02. The business’s fifty day simple moving average is $58.92 and its two-hundred day simple moving average is $50.17. Zillow Group has a one year low of $34.33 and a one year high of $70.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. Analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now owns 582 shares in the company, valued at approximately $29,583.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the sale, the chairman now directly owns 582 shares of the company’s stock, valued at approximately $29,583.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,949 shares of company stock valued at $11,580,982 over the last ninety days. Company insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group in the third quarter worth $29,000. EntryPoint Capital LLC purchased a new position in Zillow Group during the 1st quarter valued at about $53,000. GAMMA Investing LLC increased its stake in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares during the last quarter. Signaturefd LLC increased its stake in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Zillow Group in the first quarter worth about $84,000. 20.32% of the stock is currently owned by institutional investors.

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.