Zillow Group (ZG) Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

In a report released today, John Egbert from Stifel Nicolaus maintained a Hold rating on Zillow Group (ZGResearch Report), with a price target of $65.00. The company’s shares closed last Friday at $82.73.

According to TipRanks.com, Egbert is a 5-star analyst with an average return of 20.3% and a 58.0% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Criteo SA.

Zillow Group has an analyst consensus of Moderate Buy, with a price target consensus of $76.76, a -3.4% downside from current levels. In a report issued on August 4, Susquehanna also upgraded the stock to Hold with a $70.00 price target.

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Based on Zillow Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.13 billion and GAAP net loss of $163 million. In comparison, last year the company earned revenue of $454 million and had a GAAP net loss of $67.53 million.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions. The Homes segment includes Zillow Group’s buying and selling of homes directly. The Mortgages segment includes advertising sold to mortgage lenders and other mortgage professionals, mortgage originations through MLOA and the sale of mortgages on the secondary market, as well as Mortech mortgage software solutions. The company was founded by Richard N. Barton and Lloyd D. Frink on July 25, 2014 and is headquartered in Seattle, WA.