SunTrust Robinson Keeps a Buy Rating on Zillow Group Inc (ZG)

SunTrust Robinson analyst Naved Khan maintained a Buy rating on Zillow Group Inc (ZGResearch Report) today and set a price target of $56.00. The company’s shares closed last Monday at $33.61.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 17.0% and a 70.9% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.

Currently, the analyst consensus on Zillow Group Inc is a Moderate Buy with an average price target of $47.90.

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Based on Zillow Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $71.98 million. In comparison, last year the company had a GAAP net loss of $492K.

Based on the recent corporate insider activity of 16 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 ZG 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.

The company’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. Zillow Group is committed to empowering consumers with unparalleled data, inspiration and knowledge around homes, and connecting them with the right local professionals to help.