BidaskClub cut shares of Zillow Group (NASDAQ:Z) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday, BidAskClub reports.

Several other research firms have also commented on Z. Morgan Stanley increased their target price on shares of Zillow Group from $31.00 to $46.00 and gave the company an equal weight rating in a research note on Friday, May 8th. KeyCorp started coverage on shares of Zillow Group in a research note on Friday, February 28th. They set a sector weight rating for the company. Benchmark cut their target price on shares of Zillow Group from $75.00 to $57.00 and set a buy rating for the company in a research note on Tuesday, March 24th. Finally, Needham & Company LLC raised shares of Zillow Group from a hold rating to a buy rating and set a $80.00 target price for the company in a research note on Monday, June 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Zillow Group has an average rating of Hold and a consensus price target of $62.00.

Zillow Group stock opened at $57.61 on Friday. The firm has a 50 day simple moving average of $57.04 and a 200-day simple moving average of $47.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.94 and a quick ratio of 4.15. The stock has a market capitalization of $12.23 billion, a PE ratio of -29.85 and a beta of 1.07. Zillow Group has a 12-month low of $20.04 and a 12-month high of $66.68.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $1.13 billion during the quarter. Zillow Group had a negative net margin of 11.75% and a negative return on equity of 9.76%.

In other news, CAO Jennifer Rock sold 901 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $46.98, for a total transaction of $42,328.98. Following the transaction, the chief accounting officer now owns 45,066 shares in the company, valued at approximately $2,117,200.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Arik Prawer sold 5,292 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $46.87, for a total transaction of $248,036.04. Following the transaction, the insider now owns 147,719 shares in the company, valued at approximately $6,923,589.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,487 shares of company stock worth $11,533,646. 19.87% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in Zillow Group in the 4th quarter valued at $2,860,000. Oppenheimer Asset Management Inc. grew its position in Zillow Group by 2,373.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 643 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 617 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Zillow Group in the 1st quarter worth $30,000. Ameritas Investment Company LLC acquired a new stake in Zillow Group in the 1st quarter worth $30,000. Finally, Bainco International Investors acquired a new stake in Zillow Group in the 1st quarter worth $36,000. Institutional investors and hedge funds own 77.33% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Read More: Retained Earnings

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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