Zillow Group (NASDAQ:ZG) Cut to Hold at Evercore

Zillow Group (NASDAQ:ZG) was downgraded by research analysts at Evercore from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Citigroup reduced their target price on Zillow Group from $68.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. Barclays dropped their price target on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Benchmark cut their price objective on Zillow Group from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Canaccord Genuity Group decreased their target price on Zillow Group from $52.00 to $40.00 and set a “hold” rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.67.

Zillow Group Stock Performance

ZG opened at $33.76 on Thursday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 153.46, a PEG ratio of 1.58 and a beta of 1.95. The firm’s 50-day simple moving average is $33.19 and its 200-day simple moving average is $41.59. Zillow Group has a twelve month low of $29.03 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (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 the consensus estimate of $758.25 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.27%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. As a group, sell-side analysts anticipate that Zillow Group will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Bradley D. Owens sold 3,364 shares of Zillow Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $37.23, for a total value of $125,241.72. Following the completion of the sale, the general counsel directly owned 65,245 shares in the company, valued at $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Errol G. Samuelson sold 2,939 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $37.97, for a total transaction of $111,593.83. Following the transaction, the insider owned 134,039 shares in the company, valued at approximately $5,089,460.83. The trade was a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,910 shares of company stock valued at $1,605,732 over the last 90 days. Corporate insiders own 29.88% of the company’s stock.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in Zillow Group in the 4th quarter worth $152,050,000. M&T Bank Corp raised its stake in shares of Zillow Group by 38,344.0% in the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after purchasing an additional 1,600,097 shares during the period. UBS Group AG raised its stake in shares of Zillow Group by 44.5% in the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after purchasing an additional 313,643 shares during the period. Tiger Global Management LLC lifted its holdings in shares of 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 purchasing an additional 240,690 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Zillow Group by 271.9% during the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock worth $21,864,000 after buying an additional 214,743 shares during the period. Institutional investors own 20.32% of the company’s stock.

Trending Headlines about Zillow Group

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

• Positive Sentiment: Zillow reported second-quarter adjusted earnings of $0.52 per share, above the $0.44 consensus estimate, while revenue rose 17.9% year over year to $772 million, exceeding expectations of approximately $758 million. Growth in mortgage and rental businesses supported the performance. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Benchmark maintained a “buy” rating while lowering its price target from $110 to $80, and DA Davidson also reiterated “buy” with a target reduction from $60 to $50. The revised targets still imply substantial upside, although the cuts reflect more cautious valuation assumptions. Benchmark price target update
• Neutral Sentiment: Zillow’s July market report showed home sales increasing 7% year over year, the strongest annual gain of 2026. However, the company said sharply lower newly pending sales and higher mortgage rates point to potentially slower activity in the second half. Zillow July Market Report
• Neutral Sentiment: Zillow expanded CFO Jeremy Hofmann’s role to chief operating officer and appointed Cassandra Knight as chief legal and policy officer, changes intended to support its housing “super app” strategy. Zillow executive leadership changes
• Negative Sentiment: Third-quarter revenue guidance of $745 million to $760 million trailed the $772.3 million consensus estimate, while full-year revenue guidance of $2.9 billion to $3.0 billion was at or below expectations. The company also posted a $4 million net loss, partly due to $36 million in restructuring costs and layoffs. Zillow stock sinks despite Q2 earnings beat
• Negative Sentiment: Analyst sentiment weakened: Susquehanna cut its target to $38 and kept a “neutral” rating, Cantor Fitzgerald lowered its target to $32, and Zacks Research downgraded the stock from “strong buy” to “hold.” Zillow Group stock slides as bear notes pile up
• Negative Sentiment: Multiple law firms are publicizing a securities class action involving alleged investor losses and an August 10 lead-plaintiff deadline, adding legal and reputational overhang. Zillow securities class action deadline

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.