DA Davidson Reaffirms Buy Rating for Zillow Group (NASDAQ:ZG)

Zillow Group (NASDAQ:ZG - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at DA Davidson in a report issued on Friday,Benzinga reports. They presently have a $90.00 target price on the technology company's stock. DA Davidson's price target would suggest a potential upside of 50.38% from the stock's previous close.

• MarketBeat Week in Review – 9/16 - 9/20

A number of other brokerages have also recently weighed in on ZG. Piper Sandler lowered their price target on Zillow Group from $93.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird started coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price on the stock. UBS Group increased their target price on shares of Zillow Group from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Susquehanna boosted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued 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 a consensus price target of $82.25.

Check Out Our Latest Stock Analysis on Zillow Group

Zillow Group Price Performance

• Why Zillow Group Could Soar with the Upcoming Interest Rate Cuts

Shares of Zillow Group stock traded down $0.99 during trading on Friday, hitting $59.85. 43,025 shares of the company's stock traded hands, compared to its average volume of 577,262. The company has a market cap of $14.52 billion, a PE ratio of -126.76, a PEG ratio of 8.90 and a beta of 2.22. The firm's fifty day moving average price is $71.88 and its 200 day moving average price is $70.76. Zillow Group has a twelve month low of $38.06 and a twelve month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, equities research analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Insider Buying and Selling

• Is Redfin Stock a Buy? Housing Market Recovery Could Fuel Upside

In other news, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock worth $7,869,478 over the last three months. 17.14% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group during the fourth quarter worth about $27,000. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares during the period. Asset Dedication LLC bought a new position in shares of Zillow Group during the 4th quarter valued at about $47,000. Assetmark Inc. grew its position in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

• Five stocks we like better than Zillow Group
• What is a Dividend King?
• JPMorgan is a Buy, if You Can Handle The Volatility
• Ride Out The Recession With These Dividend Kings
• United States Steel's Crash: An Unmissable Buying Opportunity
• High Flyers: 3 Natural Gas Stocks for March 2022
• Rocket Lab Stock: Weathering the Storm, Time for a Comeback?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Zillow Group Right Now?

Before you consider Zillow Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zillow Group wasn't on the list.

While Zillow Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here