Robert W. Baird Initiates Coverage on Zillow Group (NASDAQ:ZG)

Stock analysts at Robert W. Baird started coverage on shares of Zillow Group (NASDAQ:ZG) in a report released on Friday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $88.00 price target on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 8.74% from the stock’s current price.

A number of other brokerages also recently issued reports on ZG. JMP Securities boosted their price target on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. DA Davidson boosted their target price on shares of Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price target on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Evercore ISI lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Craig Hallum increased their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.83.

Zillow Group Stock Up 1.5 %

ZG stock opened at $80.93 on Friday. The company has a market capitalization of $18.90 billion, a P/E ratio of -141.98, a price-to-earnings-growth ratio of 10.81 and a beta of 2.09. Zillow Group has a 12 month low of $38.06 and a 12 month high of $83.67. The firm’s fifty day simple moving average is $75.59 and its 200-day simple moving average is $63.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. As a group, equities research analysts forecast that Zillow Group will post -0.36 earnings per share for the current year.

Insider Activity

In other news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,689 shares of company stock worth $12,520,379 over the last three months. Insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Several hedge funds have recently made changes to their positions in ZG. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group during the 3rd quarter worth about $29,000. Blue Trust Inc. boosted its stake in 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 buying an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the fourth quarter valued at about $47,000. Versant Capital Management Inc purchased a new stake in shares of Zillow Group in the 4th quarter valued at approximately $72,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Zillow Group by 86.7% in the 3rd 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. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.