Zillow Group (NASDAQ:ZG) Given New $70.00 Price Target at Cantor Fitzgerald

Zillow Group (NASDAQ:ZG) had its price target boosted by Cantor Fitzgerald from $62.00 to $70.00 in a report issued on Wednesday morning,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on the stock. KeyCorp upgraded shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price for the company in a research report on Monday, February 3rd. DA Davidson raised their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. JMP Securities upped their target price on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. Robert W. Baird initiated coverage on Zillow Group in a research report on Friday, January 31st. They set a “neutral” rating and a $88.00 price target for the company. Finally, Susquehanna boosted their price target on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $80.95.

Zillow Group Stock Performance

ZG opened at $74.87 on Wednesday. Zillow Group has a 1-year low of $38.06 and a 1-year high of $86.58. The stock has a market cap of $17.49 billion, a P/E ratio of -131.35, a P/E/G ratio of 15.65 and a beta of 2.09. The stock’s 50 day simple moving average is $75.68 and its 200 day simple moving average is $65.73. 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 posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, equities analysts anticipate that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 8,225 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the sale, the chief accounting officer now owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. The trade was a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 142,730 shares of company stock valued at $10,896,034. Insiders own 17.14% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of ZG. Blue Trust Inc. raised its stake in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in Zillow Group in the 4th quarter valued at $47,000. Assetmark Inc. raised its position in Zillow Group by 18,875.0% in the fourth 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. Jones Financial Companies Lllp lifted its stake in shares of Zillow Group by 24.0% during the fourth 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. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Zillow Group in the fourth quarter worth about $63,000. 20.32% of the stock is currently owned by hedge funds and other 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.