Zillow Group Inc. (Z): What Technical Indicators Show

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Zillow Group Inc. (NASDAQ:Z) saw an upside of 0.45% to close Tuesday at $44.62 after adding $0.2 on the day. The 5-day average trading volume is 2,973,960 shares of the company’s common stock. It has gained $45.20 in the past week and touched a new high 3 times within the past 5 days. An average of 4,565,395 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,040,246.

Z’s 1-month performance is 31.43% or $11.49 on its low of $31.10 reached on 12/28/22. The company’s shares have touched a 52-week low of $26.14 and high of $65.88, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, Z has achieved 38.53% or $12.41 and has reached a new high 10 times. However, the current price is down -32.27% from the 52-week high price.


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Insider Transactions

Z stock investors last saw insider trading activity on Dec 02.Rock Jennifer (Chief Accounting Officer) most recently sold 2,600 shares at $38.34 per share on Dec 02. This transaction cost the insider $99,671. President of Zillow, Daimler Susan, sold 3,295 shares at a price of $35.96 on Nov 30. Then, on Nov 30, President of Zillow Daimler Susan sold 4,375 shares at a price of $35.99 per share. This transaction amounted to $157,451.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.30 while the price-to-book (PB) in the most recent quarter is 2.31.

The firm’s gross profit as reported stood at $1.75 billion against revenue of $8.15 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected Z to announce $0.06 per share in earnings in its latest quarter, but it posted $0.38, representing a 533.30% surprise. EBITDA for the quarter stood at more than -$4.0 million. Z stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.12 billion, with total debt at $1.88 billion. Shareholders hold equity totaling $237.73 million.

Let’s look briefly at Zillow Group Inc. (Z) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 77.27% to suggest the stock is trending Overbought, with historical volatility in this time period at 29.08%.

The stock’s 5-day moving average is $43.29, reflecting a +4.18% or $1.79 change from its current price. Z is currently trading +33.35% above its 20-day SMA, +32.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.83% and SMA200 by-9.31%.

Stochastic %K and %D was 97.23% and 94.31% and the average true range (ATR) pointed at 1.54. The RSI (14) points at 72.61%, while the 14-day stochastic is at 94.93% with the period’s ATR at 1.57. The stock’s 9-day MACD Oscillator is pointing at 0.92 and 3.03 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for Z stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate Z as a “sell,”, while 13 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $24.00 and a high of $52.00, with their median price target at $39.00. Looking at these predictions, the average price target given by analysts is for Zillow Group Inc. (Z) stock is $38.38.

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