As of Friday close, Zillow Group Inc.’s (NASDAQ:ZG) stock was up $0.06, moving up 0.12 percent to $49.43. The average number of shares traded per day over the past five days has been 572,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.59 fall in that time frame. In the last twenty days, the average volume was 483,305, while in the previous 50 days, it was 525,638.
Since last month, ZG stock retreated -4.58%. Shares of the company fell to $48.31 on 08/18/23, the lowest level in the past month. A 52-week high of $55.68 was reached on 08/04/23 after having rallying from a 52-week low of $26.21. Since the beginning of this year, ZG’s stock price has risen by 58.38% or $18.22, and marked a new high 23 times. However, the stock has declined by -11.22% since its 52-week high.
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ZG stock investors should be aware that Zillow Group Inc. (ZG) stock had its last reported insider trading activity 1 day ago on Aug 18. Hofmann Jeremy, the Chief Financial Officer of the company, disposed of 13,984 shares for $49.91 on Aug 18. It resulted in a $697,979 divestment by the insider. Wacksman Jeremy sold 6,979 shares at an average price of $50.22 on Aug 18. The insider now owns 81,595 shares following the transaction. On Aug 18, Chief People Officer Spaulding Dan sold 4,907 shares at $50.24 apiece. The transaction was valued at $246,521.
Valuation Metrics
The stock’s beta is 1.74. Besides these, the trailing price-to-sales (P/S) ratio of 6.14, the price-to-book (PB) ratio of 2.57, and the price-to-cash flow ratio of 40.21 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.37, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 80.70% percent. In the year ended June 29, EBITDA margin amounted to 6.03%, whereas operating margins totaled -13.00%. Based on annual data, ZG earned $1.59 billion in gross profit and brought in $1.96 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 -1.60%. Return on equity (ROE) for the past 12 months was -4.00%.
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 fell -99.41% to $469.0 million during the quarter, while net income inched up to $506.0 million. While analysts expected Zillow Group Inc. to report $0.18 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 116.70%. During the quarter, the company generated -$9.0 million in EBITDA. The liabilities of Zillow Group Inc. were 2.13 billion at the end of its most recent quarter ended June 29, and its total debt was $1.88 billion. The value of shareholders’ equity is $232.83 million.
Technical Picture
This quick technical analysis looks at Zillow Group Inc.’s (ZG) price momentum. With a historical volatility rate of 34.07%, the RSI 9-day stood at 28.67% on 18 August.
With respect to its five-day moving average, the current Zillow Group Inc. price is down by -10.16% percent or -$5.59. At present, ZG shares trade -4.09% below its 20-day simple moving average and +17.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.07% above its SMA50 and +59.81% above its SMA200.
Stochastic coefficient K was 5.45% and Stochastic coefficient D was 25.36%, while ATR was 1.87. Given the Stochastic reading of 15.16% for the 14-day period, the RSI (14) reading has been calculated as 38.39%. As of today, the MACD Oscillator reading stands at -3.38, while the 14-day reading stands at -3.73.
Analyst Ratings
Zillow Group Inc. (ZG) has been rated Overweight by analysts. According to 1 brokerage firm, ZG is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Zillow Group Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $36.00 – $68.00. Based on these forecasts, analysts predict Zillow Group Inc. (ZG) will achieve an average price target of $57.33.
