The stock of Zillow Group Inc. (NASDAQ:Z) increased by $1.34 on Wednesday to $52.32, up 2.63 percent. The last five days have seen an average of 1,713,896 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $20.00. The average number of shares traded over the last 20 days was 2,590,614, while the average volume over the last 50 days totaled 2,609,546.
Z stock dropped -5.42% since last month. On 08/21/23, the company’s shares reached a one-month low of $49.03. The stock touched a high of $57.19 on 08/04/23, after rallying from a low of $26.14 in 52 weeks. The price of Z stock has risen by 62.43% or $20.00 this year, reaching a new high 23 times. Still, the stock price is down -8.52% 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 12 days ago on Aug 18. On Aug 18, Chief Financial Officer Hofmann Jeremy sold 13,984 shares at $49.91 each. This transaction resulted in the insider making $697,979. On Aug 18, Wacksman Jeremy sold 6,979 shares at a price of US$50.22. After the transaction, the insider now owns 81,595 shares. Chief People Officer Spaulding Dan had earlier sold 4,907 shares on Aug 18 for $50.24 a share. The transaction was completed for $246,521.
Valuation Metrics
Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.39, the price-to-book (PB) ratio of 2.71.
Financial Health
Based on annual data, it had gross profit of $1.59 billion and revenue of $1.96 billion.
Earnings Surprise
According to Zillow Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Zillow Group Inc.’s quarterly earnings would be $0.39, but it ended up being $0.18, beating the consensus by 116.70%. EBITDA was -$9.0 million for the quarter. At the end of Zillow Group Inc.’s most recent quarter ended June 29, its liabilities totaled 2.13 billion, while its total debt was $1.88 billion. Equity owned by shareholders amounts to $232.83 million.
Technical Picture
Here’s a quick look at Zillow Group Inc.’s (Z) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 53.22%, suggesting the stock is Neutral, with a 24.47% historical volatility rate.
The stochastic %K and %D were 28.61% and 20.49% respectively, while the average true range (ATR) was 1.67. Based on the 14-day stochastic reading of 42.99%, the RSI (14) reading is 50.57%. On the 9-day MACD Oscillator, the stock is at 0.80, and the 14-day reading is at -0.45.
Analyst Ratings
In its analyst report released on April 18, 2023, Gordon Haskett began covering Zillow Group Inc. (NASDAQ: Z). The stock was rated as a Hold by the brokerage firm.
