Needham Reiterates a Hold Rating on Zillow Group Class C (Z)

Needham analyst Bernie McTernan reiterated a Hold rating on Zillow Group Class C (ZResearch Report) today. The company’s shares closed last Thursday at $34.69, close to its 52-week low of $28.61.

According to TipRanks.com, McTernan is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -20.6% and a 28.1% success rate. McTernan covers the Services sector, focusing on stocks such as Rush Street Interactive, Penn National Gaming, and Peloton Interactive.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zillow Group Class C with a $47.50 average price target, representing a 31.7% upside. 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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Zillow Group Class C’s market cap is currently $8.56B and has a P/E ratio of -15.55.

Based on the recent corporate insider activity of 72 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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