Approximately 2,600 Shares Of Zillow Group Inc. (ZG) Were Sold By This Insider.

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Zillow Group Inc. (NASDAQ:ZG) finished Friday with an addition of $0.11 to close at $31.21, an upside of 0.35 percent. An average of 522,720 shares of common stock have been traded in the last five days. There was a fall of -$1.23 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 932,060 shares traded, while the 50-day average volume stands at 782,582.

ZG stock has decreased by -16.55% in the last month. The company shares reached their 1-month lowest point of $30.23 on 12/28/22. With the stock rallying to its 52-week high on 02/17/22, shares of the company touched a low of $26.21 and a high of $65.16 in 52 weeks. It has reached a new high 4 times so far this year and lost -49.84% or -$31.01 in price. In spite of this, the price is down -52.10% from the 52-week high.


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Insider Transactions

ZG stock investors should be aware that Zillow Group Inc. (ZG) stock had its last reported insider trading activity 29 days ago on Dec 02. In this transaction, the insider spent $99,671. President of Zillow, Daimler Susan, disposed of 3,295 shares at a price of $35.96 on Nov 30. The insider now owns more than $118,499 worth of shares. Prior to that, President of Zillow Daimler Susan went on to Sale 4,375 shares at $35.99 each on Nov 30. An amount of $157,451 was transacted.

Valuation Metrics

Zillow Group Inc. (ZG) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.42, the price-to-book (PB) ratio at 1.63, and the price-to-cash flow ratio at 1.00.

Financial Health

Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.37 for the quarter ending September 29. Its gross profit as reported stood at $1.75 billion compared to revenue of $8.15 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Zillow Group Inc.’s return on assets was -0.20%.

Earnings Surprise

For the three-month period that ended September 29, Zillow Group Inc. had $1.52 billion in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$53.0 million in the quarter, while revenues were shrunk -519.19%. The analyst consensus anticipated Zillow Group Inc.’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.38, a 245.50% surprise. For the quarter, EBITDA amounted to -$4.0 million. Shareholders own equity worth $237.73 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Zillow Group Inc. (ZG) price momentum. RSI 9-day as of the close on 30 December was 34.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.72%.

As of today, ZG’s price is $31.27 -3.79% or -$1.23 from its 5-day moving average. ZG is currently trading -17.70% lower than its 20-day SMA and -14.09% lower than its 100-day SMA. However, the stock’s current price level is +8.33% above the SMA50 and -37.18% below the SMA200.

The stochastic %K and %D were 8.68% and 7.28%, respectively, and the average true range (ATR) was 1.34. With the 14-day stochastic at 12.72% and the average true range at 1.43, the RSI (14) stands at 38.91%. The stock has reached -1.10 on the 9-day MACD Oscillator while the 14-day reading was at -2.46.

What is ZG’s price target for the next 12 months?

Analysts predict a range of price targets between $22.00 and $52.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Zillow Group Inc. (ZG) stock is $37.79.

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