The stock of Zillow Group Inc. (NASDAQ:Z) increased by $0.22 on Tuesday to finish at $47.37, up 0.47 percent. The last five days have seen an average of 3,370,760 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $15.16. The average number of shares traded over the last 20 days was 2,277,075, while the average volume over the last 50 days totaled 2,620,626.
Z stock dropped -6.88% since last month. On 09/18/23, the company’s shares reached a one-month low of $46.74. 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 47.07% or $15.16 this year, reaching a new high 23 times. Still, the stock price is down -17.17% 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 21 days ago on Aug 30. On Aug 30, Chief Industry Dev. Officer Samuelson Errol G sold 19,000 shares at $52.66 each. This transaction resulted in the insider making $1,000,608. On Aug 18, Hofmann Jeremy sold 13,984 shares at a price of US$49.91. After the transaction, the insider now owns 121,334 shares. Chief Operating Officer Wacksman Jeremy had earlier sold 6,979 shares on Aug 18 for $50.22 a share. The transaction was completed for $350,489.
Valuation Metrics
Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.78, the price-to-book (PB) ratio of 2.46.
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 19 September, the RSI 9-day stood at 26.06%, suggesting the stock is oversold, with a 23.93% historical volatility rate.
The stochastic %K and %D were 7.69% and 7.36% respectively, while the average true range (ATR) was 1.47. Based on the 14-day stochastic reading of 9.59%, the RSI (14) reading is 32.25%. On the 9-day MACD Oscillator, the stock is at -2.25, and the 14-day reading is at -3.23.
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. Analysts have assigned Zillow Group Inc. (Z) an Overweight rating. Z is a stock that is recommended for selling by 1 brokerage firm, while 14 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.
What is Z’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.00 and $68.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for Zillow Group Inc. (Z) is $56.53.
