Oppenheimer analyst Jason Helfstein maintained a Hold rating on Zillow Group (ZG) today. The company’s shares closed last Monday at $49.44.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 23.1% and a 70.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and IAC/InterActiveCorp.
The word on The Street in general, suggests a Hold analyst consensus rating for Zillow Group with a $47.57 average price target, implying a -6.2% downside from current levels. In a report issued on May 8, RBC Capital also maintained a Hold rating on the stock with a $58.00 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 71 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.
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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.
