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Jefferies Thinks Zillow Group Class C’s Stock is Going to Recover

In a report issued on May 31, John Colantuoni from Jefferies maintained a Buy rating on Zillow Group Class C (ZResearch Report), with a price target of $50.00. The company’s shares closed last Friday at $35.44, close to its 52-week low of $34.45.

According to TipRanks.com, Colantuoni has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -25.3% and a 21.9% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.

Zillow Group Class C has an analyst consensus of Moderate Buy, with a price target consensus of $50.50, a 37.8% upside from current levels. In a report issued on May 21, Berenberg Bank also maintained a Buy rating on the stock with a $55.00 price target.

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Based on Zillow Group Class C’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.26 billion and net profit of $16 million. In comparison, last year the company earned revenue of $1.22 billion and had a net profit of $52 million.

Based on the recent corporate insider activity of 75 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 Z in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zillow Group, Inc. is an online real estate marketplace. The company engages in providing information about residential homes, real estate listings and mortgages on its mobile application and website.Its platform offers renting, buying, selling, and financing services for residential real estate across the United States. Additionally, the company provides advertising services and marketing software and technology solutions.

Read More on Z:

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