Zillow Group Inc. (NASDAQ:Z) finished Friday with a subtraction of -$0.19 to close at $49.97, a downside of -0.38 percent. An average of 2,177,980 shares of common stock have been traded in the last five days. There was a fall of -$0.90 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 2,836,885 shares traded, while the 50-day average volume stands at 2,892,668.
Z stock has decreased by -4.22% in the last month. The company shares reached their 1-month lowest point of $49.03 on 08/21/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $26.14 and a high of $57.19 in 52 weeks. It has reached a new high 23 times so far this year and achieved 55.14% or $17.76 in price. In spite of this, the price is down -12.62% from the 52-week high.
Insider Transactions
Z stock investors should be aware that Zillow Group Inc. (Z) stock had its last reported insider trading activity 8 days ago on Aug 18. In this transaction, the insider spent $697,979. Chief Operating Officer, Wacksman Jeremy, disposed of 6,979 shares at a price of $50.22 on Aug 18. The insider now owns more than $350,489 worth of shares. Prior to that, Chief People Officer Spaulding Dan went on to Sale 4,907 shares at $50.24 each on Aug 18. An amount of $246,521 was transacted.
Valuation Metrics
Zillow Group Inc. (Z) stock’s beta is 1.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.10, the price-to-book (PB) ratio at 2.59.
Financial Health
Zillow Group Inc.’s EBITDA margin for the year ending June 29 is 6.03%. Its gross profit as reported stood at $1.59 billion compared to revenue of $1.96 billion.
Earnings Surprise
The analyst consensus anticipated Zillow Group Inc.’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.39, a 116.70% surprise. For the quarter, EBITDA amounted to -$9.0 million. Shareholders own equity worth $232.83 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Zillow Group Inc. (Z) price momentum. RSI 9-day as of the close on 25 August was 32.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.21%.
As of today, Z’s price is $49.85 -1.77% or -$0.90 from its 5-day moving average. Z is currently trading -6.62% lower than its 20-day SMA and +11.66% higher than its 100-day SMA. However, the stock’s current price level is +8.35% above the SMA50 and +48.28% above the SMA200.
The stochastic %K and %D were 12.89% and 11.23%, respectively, and the average true range (ATR) was 1.79. With the 14-day stochastic at 11.72% and the average true range at 1.84, the RSI (14) stands at 39.10%. The stock has reached -0.72 on the 9-day MACD Oscillator while the 14-day reading was at -2.69.
Analyst Ratings
Gordon Haskett launched coverage on Zillow Group Inc. (NASDAQ: Z) in its analyst report released on April 18, 2023. The firm assigned the stock a Hold rating. The consensus rating for Zillow Group Inc. (Z) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell Z, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.
What is Z’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $68.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Zillow Group Inc. (Z) stock is $56.95.
