Zillow Group (ZG) Received its Third Buy in a Row

After Canaccord Genuity and Needham gave Zillow Group (NASDAQ: ZG) a Buy rating last month, the company received another Buy, this time from SunTrust Robinson. Analyst Naved Khan maintained a Buy rating on Zillow Group today and set a price target of $68.00. The company’s shares closed last Thursday at $68.46, close to its 52-week high of $69.01.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 20.5% and a 66.7% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, CarGurus, and GoDaddy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zillow Group with a $63.62 average price target, implying a -3.2% downside from current levels. In a report issued on July 16, Craig-Hallum also maintained a Buy rating on the stock with a $67.00 price target.

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The company has a one-year high of $69.01 and a one-year low of $18.65. Currently, Zillow Group has an average volume of 681.3K.

Based on the recent corporate insider activity of 85 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.

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