Zillow Group Inc. (NASDAQ:Z) saw a downside of -0.60% to close Monday at $55.99 after subtracting -$0.34 on the day. The 5-day average trading volume is 3,768,760 shares of the company’s common stock. It has gained $57.19 in the past week and touched a new high 2 times within the past 5 days. An average of 2,924,835 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,839,608.
Z’s 1-month performance is 17.08% or $8.17 on its low of $47.02 reached on 07/10/23. The company’s shares have touched a 52-week low of $26.14 and high of $57.19, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, Z has achieved 73.83% or $23.78 and has reached a new high 23 times. However, the current price is down -2.10% from the 52-week high price.
Insider Transactions
Z stock investors last saw insider trading activity on Aug 03.Rock Jennifer (Chief Accounting Officer) most recently sold 11,568 shares at $52.89 per share on Aug 03. This transaction cost the insider $611,836. President of Zillow, Daimler Susan, sold 10,814 shares at a price of $45.49 on May 22. Then, on May 22, President of Zillow Daimler Susan sold 6,371 shares at a price of $45.55 per share. This transaction amounted to $290,173.
Valuation Metrics
Z stock has a beta of 1.65. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.92.
The trailing 12-month EBITDA margin is 6.03%. The firm’s gross profit as reported stood at $1.59 billion against revenue of $1.96 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected Z to announce $0.18 per share in earnings in its latest quarter, but it posted $0.39, representing a 116.70% surprise. EBITDA for the quarter stood at more than -$9.0 million. Z stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.13 billion, with total debt at $1.88 billion. Shareholders hold equity totaling $232.83 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 07 August was 64.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.62%.
The stock’s 5-day moving average is $55.37, reflecting a +3.38% or $1.83 change from its current price. Z is currently trading +16.86% above its 20-day SMA, +38.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.84% and SMA200 by+94.54%.
Stochastic %K and %D was 83.12% and 78.74% and the average true range (ATR) pointed at 2.16. The RSI (14) points at 62.63%, while the 14-day stochastic is at 80.05% with the period’s ATR at 2.06. The stock’s 9-day MACD Oscillator is pointing at 1.29 and 1.70 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Zillow Group Inc. (NASDAQ: Z), Gordon Haskett launched coverage with a Hold rating. 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 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 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 $36.00 and a high of $68.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for Zillow Group Inc. (Z) stock is $56.80.
