Cowen and Company reaffirmed their hold rating on shares of Zillow Group, Inc. (NASDAQ:Z) in a research report report published on Friday.
A number of other research analysts also recently commented on the company. Zacks Investment Research raised Zillow Group from a sell rating to a hold rating in a report on Wednesday, May 17th. Benchmark Co. reissued a buy rating and issued a $55.00 price target on shares of Zillow Group in a report on Sunday, July 2nd. Stifel Nicolaus reissued a buy rating and issued a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Needham & Company LLC reaffirmed a buy rating and set a $48.00 target price (up previously from $41.00) on shares of Zillow Group in a report on Friday, May 5th. Finally, BidaskClub downgraded Zillow Group from a strong-buy rating to a buy rating in a report on Saturday, July 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $45.50.
Zillow Group (NASDAQ:Z) traded down 1.34% during midday trading on Friday, reaching $46.47. The company had a trading volume of 1,117,670 shares. Zillow Group has a 12 month low of $31.22 and a 12 month high of $51.23. The firm’s 50-day moving average price is $45.11 and its 200 day moving average price is $38.56. The firm’s market capitalization is $8.51 billion.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $245.78 million during the quarter. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. Equities analysts anticipate that Zillow Group will post $0.45 earnings per share for the current fiscal year.
In other news, CEO Spencer M. Rascoff sold 29,854 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $43.94, for a total transaction of $1,311,784.76. Following the sale, the chief executive officer now directly owns 120,146 shares in the company, valued at approximately $5,279,215.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 7,050 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $49.30, for a total value of $347,565.00. Following the sale, the insider now owns 34,727 shares in the company, valued at $1,712,041.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,050 shares of company stock worth $6,866,477. 26.97% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Gillespie Robinson & Grimm Inc. bought a new stake in shares of Zillow Group during the second quarter worth $204,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Zillow Group during the first quarter worth $209,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Zillow Group by 0.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock worth $259,000 after buying an additional 27 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Zillow Group by 1,093.5% in the first quarter. Meeder Asset Management Inc. now owns 9,142 shares of the financial services provider’s stock worth $308,000 after buying an additional 8,376 shares during the last quarter. Finally, Selkirk Management LLC bought a new stake in shares of Zillow Group during the first quarter worth $337,000. Institutional investors and hedge funds own 91.99% of the company’s stock.
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