Zillow Group, Inc. (NASDAQ:ZG – Get Rating) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 3,040,000 shares, a decline of 29.8% from the May 31st total of 4,330,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is presently 2.6 days. Approximately 5.2% of the company’s shares are sold short.
In related news, CAO Jennifer Rock sold 1,965 shares of Zillow Group stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $41.21, for a total value of $80,977.65. Following the sale, the chief accounting officer now owns 69,571 shares in the company, valued at $2,867,020.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeremy Wacksman sold 2,198 shares of Zillow Group stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $41.15, for a total transaction of $90,447.70. Following the completion of the sale, the chief operating officer now owns 47,917 shares in the company, valued at approximately $1,971,784.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,641 shares of company stock worth $1,146,023. 18.52% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sphinx Trading LP bought a new stake in shares of Zillow Group during the 4th quarter valued at about $25,000. Rosenberg Matthew Hamilton bought a new stake in shares of Zillow Group during the 4th quarter valued at about $30,000. Quadrant Capital Group LLC grew its stake in shares of Zillow Group by 69.5% during the 4th quarter. Quadrant Capital Group LLC now owns 678 shares of the technology company’s stock valued at $42,000 after purchasing an additional 278 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of Zillow Group during the 1st quarter valued at about $48,000. Finally, Tcwp LLC bought a new stake in shares of Zillow Group during the 1st quarter valued at about $52,000. Institutional investors own 20.82% of the company’s stock.
Several equities analysts have commented on the company. Sanford C. Bernstein assumed coverage on Zillow Group in a research report on Monday, May 23rd. They set an “underperform” rating and a $34.00 price objective for the company. Benchmark lowered their price objective on Zillow Group from $115.00 to $65.00 in a research report on Friday, May 6th. Susquehanna lowered their price objective on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th. Susquehanna Bancshares lowered their price objective on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th. Finally, Truist Financial lowered their price objective on Zillow Group from $58.00 to $41.00 in a research report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.55.
NASDAQ ZG opened at $33.80 on Friday. Zillow Group has a one year low of $28.76 and a one year high of $123.57. The stock has a 50-day moving average of $37.14 and a 200 day moving average of $47.38. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of -15.23 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.57 and a current ratio of 3.98.
Zillow Group (NASDAQ:ZG – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.26. Zillow Group had a negative return on equity of 7.61% and a negative net margin of 5.04%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $0.25 EPS. Zillow Group’s revenue for the quarter was up 249.5% on a year-over-year basis. On average, equities analysts predict that Zillow Group will post 0.92 earnings per share for the current fiscal year.
Zillow Group Company Profile (Get Rating)
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.