Zillow Group (ZG) Receives a Hold from RBC Capital

RBC Capital analyst Mark Mahaney maintained a Hold rating on Zillow Group (ZG) on March 26 and set a price target of $56.00. The company’s shares closed last Friday at $35.91.

According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 9.0% and a 50.1% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Uber Technologies, and Eventbrite.

Currently, the analyst consensus on Zillow Group is a Hold with an average price target of $49.65, implying a 38.0% upside from current levels. In a report issued on March 18, Needham also maintained a Hold rating on the stock.

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Based on Zillow Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $944 million and GAAP net loss of $101 million. In comparison, last year the company earned revenue of $365 million and had a GAAP net loss of $97.68 million.

Based on the recent corporate insider activity of 72 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.

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