Benchmark Has Lowered Expectations for Zillow Group (NASDAQ:ZG) Stock Price

Zillow Group (NASDAQ:ZG) had its price objective reduced by Benchmark from $110.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Benchmark’s price target indicates a potential upside of 148.92% from the company’s current price.

Several other equities research analysts have also commented on the stock. Canaccord Genuity Group set a $40.00 price target on shares of Zillow Group in a research note on Thursday. Susquehanna lowered their target price on shares of Zillow Group from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. Cantor Fitzgerald decreased their target price on shares of Zillow Group from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday. BTIG Research reiterated a “neutral” rating on shares of Zillow Group in a research report on Thursday, June 11th. Finally, Sanford C. Bernstein cut shares of Zillow Group from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zillow Group has an average rating of “Hold” and an average target price of $57.43.

Zillow Group Stock Performance

Shares of ZG stock traded down $4.75 during mid-day trading on Thursday, reaching $32.14. 1,079,446 shares of the company’s stock traded hands, compared to its average volume of 1,184,169. Zillow Group has a 12 month low of $29.03 and a 12 month high of $90.22. The firm has a 50 day moving average price of $33.23 and a two-hundred day moving average price of $41.83. The firm has a market capitalization of $7.35 billion, a PE ratio of 128.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.95.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. As a group, equities analysts expect that Zillow Group will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 5,501 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the completion of the sale, the chief financial officer owned 68,315 shares in the company, valued at $2,554,981. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the transaction, the insider owned 49,696 shares in the company, valued at $1,858,630.40. This represents a 5.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 42,910 shares of company stock worth $1,605,732. 29.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Zillow Group in the 4th quarter valued at about $152,050,000. M&T Bank Corp grew its holdings in Zillow Group by 38,344.0% during the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after purchasing an additional 1,600,097 shares during the period. UBS Group AG raised its holdings in shares of Zillow Group by 44.5% during the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after buying an additional 313,643 shares in the last quarter. Tiger Global Management LLC grew its stake in Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock valued at $69,849,000 after acquiring an additional 240,690 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of Zillow Group by 271.9% during the 3rd quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock valued at $21,864,000 after buying an additional 214,743 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow reported second-quarter adjusted EPS of $0.52, above the $0.44 consensus estimate, while revenue rose 17.9% year over year to $772 million, exceeding expectations of $758.25 million. Zillow Group Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: DA Davidson maintained a “buy” rating while lowering its price target from $60 to $50, implying substantial upside from the current quotation. Benzinga analyst coverage
• Neutral Sentiment: July home sales increased 7% year over year, the strongest annual gain of 2026; however, sharply lower newly pending sales and higher mortgage rates suggest housing activity could weaken during the second half. Zillow July Market Report
• Neutral Sentiment: Susquehanna cut its price target from $50 to $38 and shifted to a “neutral” rating, while KeyBanc reportedly retained its “buy” recommendation. Benzinga analyst coverage
• Negative Sentiment: Zillow posted a $4 million net loss as $36 million of restructuring costs weighed on results, despite the adjusted earnings beat. The company also cut more than 500 jobs, or approximately 7% of its workforce, adding concerns about operating momentum and execution. Zillow Swings to Loss on Restructuring Costs
• Negative Sentiment: Third-quarter revenue guidance of $745 million-$760 million was below the $772.3 million consensus estimate, while full-year guidance of $2.9 billion-$3.0 billion was at or below expectations. Cantor Fitzgerald lowered its target from $34 to $32 with a “neutral” rating, and Zacks Research downgraded the stock from “strong buy” to “hold.” Benzinga and Zacks analyst coverage
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action with an August 10 lead-plaintiff deadline, creating an additional headline and potential legal risk for investors. Zillow Securities Class Action Notice

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.