Zillow Group, Inc. (NASDAQ:Z) Releases Quarterly Earnings Results

Zillow Group, Inc. (NASDAQ:Z) issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter, Morningstar.com reports. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The company had revenue of $266.85 million for the quarter.

Zillow Group (Z) traded down 0.90% on Friday, hitting $38.64. 1,061,504 shares of the stock were exchanged. The stock’s market capitalization is $7.17 billion. The company has a 50 day moving average of $44.87 and a 200 day moving average of $40.51. Zillow Group has a one year low of $31.22 and a one year high of $51.23.

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A number of equities analysts have issued reports on the stock. Benchmark Co. restated a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a research note on Sunday, July 2nd. Stifel Nicolaus restated a “buy” rating and issued a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. BidaskClub lowered shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG raised their price objective on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.06.

In other Zillow Group news, insider Errol G. Samuelson sold 7,050 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $49.30, for a total value of $347,565.00. Following the completion of the transaction, the insider now owns 34,727 shares in the company, valued at $1,712,041.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Spencer M. Rascoff sold 22,400 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $46.37, for a total value of $1,038,688.00. Following the transaction, the chief executive officer now owns 7,500 shares of the company’s stock, valued at $347,775. The disclosure for this sale can be found here. Insiders have sold 232,230 shares of company stock worth $10,547,807 over the last quarter. Company insiders own 26.97% of the company’s stock.

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