Zillow Group (NASDAQ:ZG) Hits New 52-Week Low – What’s Next?

Analyst Ratings - Several analysts have recently provided ratings for Zillow Group, with BNP Paribas Exane initiating coverage with an "outperform" rating and a price target of $85.00 [1] - Mizuho set a price objective of $65.00, while Piper Sandler lowered their target from $85.00 to $70.00, maintaining an "overweight" rating [1] - Cantor Fitzgerald reduced their target price from $56.00 to $46.00 and assigned a "neutral" rating [1] - Evercore reaffirmed an "outperform" rating, and the average rating across analysts is "Moderate Buy" with a price target of $77.05 [1] Stock Performance - Zillow Group's stock is currently down 3.9%, with a market cap of $9.70 billion [2] - The stock has a fifty-day moving average of $50.26 and a two-hundred-day moving average of $64.16 [2][3] - The price-to-earnings ratio stands at 449.05, and the price-to-earnings-growth ratio is 2.26, with a beta of 2.05 [2][3] Earnings Results - The company reported an EPS of $0.39 for the last quarter, missing the consensus estimate of $0.42 by $0.03 [4] - Revenue for the quarter was $654.00 million, slightly above the analyst estimates of $650.40 million, representing an 18.1% increase year-over-year [4] - The net margin was 0.89%, and the return on equity was 0.56% [4] Insider Trading - Insider Errol G. Samuelson sold 7,015 shares at an average price of $44.21, totaling $310,133.15, reducing his ownership by 5.81% [5] - CFO Jeremy Hofmann sold 7,786 shares at an average price of $43.73, amounting to $340,481.78, which represents an 11.93% decrease in his position [5] - Over the last three months, insiders sold 60,801 shares worth $2,683,986, with insiders owning 17.14% of the company's stock [5] Institutional Investors - AQR Capital Management increased its stake in Zillow Group by 40.5%, now owning 12,890 shares valued at $862,000 [6] - Millennium Management raised its holdings by 110.8%, owning 290,999 shares worth $19,456,000 [6] - UBS AM increased its position by 7.0%, now holding 87,912 shares valued at $5,878,000 [6] - PNC Financial Services Group boosted its position by 79.0%, owning 2,021 shares worth $138,000 [8] - Hedge funds and institutional investors collectively own 20.32% of the company's stock [8] Company Overview - Zillow Group is a U.S.-based online real estate marketplace that connects consumers, real estate professionals, and mortgage lenders [9] - Founded in 2006 and headquartered in Seattle, the company offers a suite of digital products and advertising services [9] - Core products include consumer websites and mobile apps for home listings, the Zestimate automated home value estimate, and marketplaces connecting buyers and renters with agents and lenders [10]