Craig-Hallum Remains a Buy on Zillow Group Class A (ZG)

In a report released today, Jason Kreyer from Craig-Hallum maintained a Buy rating on Zillow Group Class A (ZG – Research Report). The company’s shares closed yesterday at $41.11.

Kreyer covers the Communication Services sector, focusing on stocks such as Cardlytics, Magnite, and Integral Ad Science. According to TipRanks, Kreyer has an average return of 6.6% and a 42.29% success rate on recommended stocks.

In addition to Craig-Hallum, Zillow Group Class A also received a Buy from D.A. Davidson’s Tom White in a report issued on April 17. However, on April 4, Bernstein maintained a Hold rating on Zillow Group Class A (NASDAQ: ZG).

Based on Zillow Group Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $474 million and a GAAP net loss of $73 million. In comparison, last year the company earned a revenue of $435 million and had a GAAP net loss of $81 million

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 ZG in relation to earlier this year. Last month, Susan Daimler, the President of Zillow of ZG sold 15,206.00 shares for a total of $856,887.44.

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 Class A (ZG) Company Description:

Washinton-based Zillow Group, Inc. is an online real estate marketplace company. The company provides real estate and home-related information marketplaces on mobile and the web. It operates through three segments: Internet, Media & Technology (IMT), Homes, and Mortgages segment.