As of Friday close, Zillow Group Inc.’s (NASDAQ:Z) stock was down -$0.81, moving down -1.76 percent to $45.22. The average number of shares traded per day over the past five days has been 2,352,060 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.21 fall in that time frame. In the last twenty days, the average volume was 2,276,320, while in the previous 50 days, it was 2,460,902.
Since last month, Z stock retreated -9.70%. Shares of the company fell to $45.02 on 09/22/23, the lowest level in the past month. A 52-week high of $57.19 was reached on 08/04/23 after having rallying from a 52-week low of $26.14. Since the beginning of this year, Z’s stock price has risen by 40.39% or $13.01, and marked a new high 23 times. However, the stock has declined by -20.93% since its 52-week high.
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Z stock investors should be aware that Zillow Group Inc. (Z) stock had its last reported insider trading activity 24 days ago on Aug 30. Samuelson Errol G, the Chief Industry Dev. Officer of the company, disposed of 19,000 shares for $52.66 on Aug 30. It resulted in a $1,000,608 divestment by the insider. Hofmann Jeremy sold 13,984 shares at an average price of $49.91 on Aug 18. The insider now owns 121,334 shares following the transaction. On Aug 18, Chief Operating Officer Wacksman Jeremy sold 6,979 shares at $50.22 apiece. The transaction was valued at $350,489.
Valuation Metrics
The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 5.52, the price-to-book (PB) ratio of 2.35.
Financial Health
Based on annual data, Z earned $1.59 billion in gross profit and brought in $1.96 billion in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. 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 30, 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 (Z) price momentum. With a historical volatility rate of 27.53%, the RSI 9-day stood at 20.79% on 22 September.
With respect to its five-day moving average, the current Zillow Group Inc. price is down by -4.66% percent or -$2.21. At present, Z shares trade -9.85% below its 20-day simple moving average and +2.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately -16.52% below its SMA50 and +20.46% above its SMA200.
Stochastic coefficient K was 6.56% and Stochastic coefficient D was 8.67%, while ATR was 1.56. Given the Stochastic reading of 2.51% for the 14-day period, the RSI (14) reading has been calculated as 27.27%. As of today, the MACD Oscillator reading stands at -1.60, while the 14-day reading stands at -2.91.
Analyst Ratings
Gordon Haskett launched its rating on Zillow Group Inc. (NASDAQ: Z) to a Hold in a note to investors on April 18, 2023. Zillow Group Inc. (Z) has been rated Overweight by analysts. According to 1 brokerage firm, Z 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 10 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. (Z) will achieve an average price target of $56.53.
