Zillow Group, Inc. (Z) Rating Reiterated by Stifel Nicolaus

Zillow Group, Inc. (NASDAQ:Z)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a report issued on Friday, June 30th, Marketbeat Ratings reports. They presently have a $54.50 price target on the financial services provider’s stock, up from their previous price target of $46.00. Stifel Nicolaus’ price objective indicates a potential upside of 20.52% from the stock’s current price.

Z has been the subject of several other research reports. Zacks Investment Research upgraded Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Cowen and Company set a $40.00 price target on Zillow Group and gave the stock a “market perform” rating in a research note on Friday, May 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $48.00 price target (up previously from $41.00) on shares of Zillow Group in a research note on Friday, May 5th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $45.50.

Zillow Group (Z) traded up 0.67% during midday trading on Friday, reaching $45.22. The company had a trading volume of 544,359 shares. The company has a 50-day moving average of $46.63 and a 200-day moving average of $39.83. The stock’s market capitalization is $8.28 billion. Zillow Group has a 12-month low of $31.22 and a 12-month high of $51.23.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The company had revenue of $245.78 million for the quarter. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. On average, analysts predict that Zillow Group will post $0.45 EPS for the current fiscal year.

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In related news, CEO Spencer M. Rascoff sold 120,146 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $43.34, for a total value of $5,207,127.64. Following the sale, the chief executive officer now directly owns 120,146 shares in the company, valued at $5,207,127.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $44.50, for a total value of $605,200.00. Following the completion of the sale, the insider now owns 4,498,008 shares in the company, valued at $200,161,356. The disclosure for this sale can be found here. In the last ninety days, insiders sold 229,050 shares of company stock valued at $10,150,797. Corporate insiders own 26.97% of the company’s stock.

Large investors have recently bought and sold shares of the company. World Asset Management Inc bought a new stake in shares of Zillow Group during the second quarter worth about $221,000. Lourd Capital LLC increased its stake in shares of Zillow Group by 1.1% in the second quarter. Lourd Capital LLC now owns 8,128 shares of the financial services provider’s stock worth $398,000 after buying an additional 90 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Zillow Group during the second quarter worth about $278,000. Public Employees Retirement Association of Colorado increased its stake in shares of Zillow Group by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 22,437 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 58 shares during the period. Finally, Shell Asset Management Co. increased its stake in shares of Zillow Group by 33.0% in the second quarter. Shell Asset Management Co. now owns 7,436 shares of the financial services provider’s stock worth $364,000 after buying an additional 1,847 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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