Technicals Say Zillow Group Inc. (ZG) Is Worth Holding

At the last check on Friday, Zillow Group Inc.’s (NASDAQ:ZG) stock was down -$1.08, moving down -2.83 percent to $37.05. The average number of shares traded per day over the past five days has been 822,041 shares. 3 times new highs have been achieved over the past 5 days, with a $1.70 gain in that time frame. In the last twenty days, the average volume was 731,670, while in the previous 50 days, it was 1,048,946.

Since last month, ZG stock rose 9.41%. Shares of the company fell to $32.66 on 07/13/22, the lowest level in the past month. A 52-week high of $112.50 was reached on 02/17/22 after having rallying from a 52-week low of $28.76. Since the beginning of this year, ZG’s stock price has dropped by -38.72% or -$25.52, and marked a new high 4 times. However, the stock has declined by -67.07% since its 52-week high.

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Zillow Group Inc. (ZG) last reported insider trading activity 42 days ago on Jun 24. Wacksman Jeremy, the Chief Operating Officer of the company, disposed of 4,785 shares for $35.00 on Jun 24. It resulted in a $167,475 divestment by the insider. Spaulding Dan sold 4,000 shares at an average price of $43.21 on May 20. The insider now owns 18,765 shares following the transaction. On May 18, Chief Industry Dev. Officer Samuelson Errol G sold 3,749 shares at $41.21 apiece. The transaction was valued at $154,503.

Valuation Metrics

The stock’s beta is 1.53. Besides these, the trailing price-to-sales (P/S) ratio of 0.86, the price-to-book (PB) ratio of 1.97.

Financial Health

In the three months ended March 30, Zillow Group Inc.’s quick ratio stood at 3.60, while its current ratio was 4.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.34, and the total debt-to-equity ratio was 0.53. On the profitability front, the trailing twelve-month gross margin is 20.50% percent. In the year ended March 30, operating margins totaled -3.50%. Based on annual data, ZG earned $1.75 billion in gross profit and brought in $8.15 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.40%. Return on equity (ROE) for the past 12 months was -10.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ZG’s revenue rose 71.38% to $3.88 billion during the quarter, while net income inched up to $4.26 billion. While analysts expected Zillow Group Inc. to report $0.26 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by 88.50%. During the quarter, the company generated $137.0 million in EBITDA. The liabilities of Zillow Group Inc. were 3.02 billion at the end of its most recent quarter ended March 30, and its total debt was $1.89 billion. The value of shareholders’ equity is $246.31 million.

Technical Picture

This quick technical analysis looks at Zillow Group Inc.’s (ZG) price momentum. With a historical volatility rate of 57.53%, the RSI 9-day stood at 54.06% on 04 August.

With respect to its five-day moving average, the current Zillow Group Inc. price is up by +4.86% percent or $1.70. At present, ZG shares trade +4.50% above its 20-day simple moving average and -18.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.82% above its SMA50 and -58.70% below its SMA200.

Stochastic coefficient K was 78.02% and Stochastic coefficient D was 76.40%, while ATR was 2.13. Given the Stochastic reading of 58.81% for the 14-day period, the RSI (14) reading has been calculated as 53.15%. As of today, the MACD Oscillator reading stands at 1.51, while the 14-day reading stands at 1.31.

Analyst Ratings

Zillow Group Inc. downgraded its rating on Zillow Group Inc. (NASDAQ: ZG) to a Neutral in a note to investors on August 05, 2022. The analysts firm previously had an Outperform rating on the stock.Zillow Group Inc. (ZG) has been rated Hold by analysts. According to 1 brokerage firm, ZG is a sell, and 13 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Zillow Group Inc. stock as buy, with 8 recommending it as overweight.


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