Needham Reaffirms Their Hold Rating on Zillow Group Class C (Z)

In a report released today, Bernie McTernan from Needham reiterated a Hold rating on Zillow Group Class C (ZResearch Report). The company’s shares closed last Thursday at $37.66, close to its 52-week low of $28.61.

According to TipRanks.com, McTernan has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -15.8% and a 34.5% success rate. McTernan covers the Services sector, focusing on stocks such as Rush Street Interactive, Penn National Gaming, and Peloton Interactive.

Zillow Group Class C has an analyst consensus of Moderate Buy, with a price target consensus of $49.00, a 31.6% upside from current levels. In a report issued on July 21, Morgan Stanley also maintained a Hold rating on the stock with a $42.00 price target.

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The company has a one-year high of $111.67 and a one-year low of $28.61. Currently, Zillow Group Class C has an average volume of 4.63M.

Based on the recent corporate insider activity of 71 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.

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