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

In a report released today, Bernie McTernan from Needham maintained a Hold rating on Zillow Group Class C (ZResearch Report). The company’s shares closed last Monday at $49.57, close to its 52-week low of $44.80.

According to TipRanks.com, McTernan is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.5% and a 33.3% success rate. McTernan covers the Technology sector, focusing on stocks such as Genius Sports Limited, Zillow Group Class A, and Fiverr International.

Currently, the analyst consensus on Zillow Group Class C is a Moderate Buy with an average price target of $78.00.

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Based on Zillow Group Class C’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.88 billion and GAAP net loss of $261 million. In comparison, last year the company earned revenue of $789 million and had a net profit of $46.04 million.

Based on the recent corporate insider activity of 89 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. Last month, Erik Blachford, a Director at Z sold 4,718 shares for a total of $302,172.

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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