Zillow Group Inc. (NASDAQ:Z) saw an upside of 1.57% to close Tuesday at $49.90 after adding $0.77 on the day. The 5-day average trading volume is 3,267,700 shares of the company’s common stock. It has gained $54.71 in the past week and touched a new high 1 time within the past 5 days. An average of 2,747,110 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,903,952.
Z’s 1-month performance is -6.80% or -$2.52 on its low of $49.03 reached on 08/21/23. 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 54.92% or $17.69 and has reached a new high 23 times. However, the current price is down -12.75% from the 52-week high price.
Insider Transactions
Z stock investors last saw insider trading activity on Aug 18.Hofmann Jeremy (Chief Financial Officer) most recently sold 13,984 shares at $49.91 per share on Aug 18. This transaction cost the insider $697,979. Chief Operating Officer, Wacksman Jeremy, sold 6,979 shares at a price of $50.22 on Aug 18. Then, on Aug 18, Chief People Officer Spaulding Dan sold 4,907 shares at a price of $50.24 per share. This transaction amounted to $246,521.
Valuation Metrics
Z stock has a beta of 1.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.09 while the price-to-book (PB) in the most recent quarter is 2.59.
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 22 August was 31.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.52%.
The stock’s 5-day moving average is $50.43, reflecting a -8.89% or -$4.87 change from its current price. Z is currently trading -6.36% above its 20-day SMA, +15.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.31% and SMA200 by+69.15%.
Stochastic %K and %D was 9.43% and 15.03% and the average true range (ATR) pointed at 1.92. The RSI (14) points at 38.50%, while the 14-day stochastic is at 10.66% with the period’s ATR at 1.93. The stock’s 9-day MACD Oscillator is pointing at -2.86 and -4.01 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 $56.95.
