Zillow Group Inc (NASDAQ:Z) saw a downside of -0.24% to close Tuesday at $45.35 after subtracting -$0.11 on the day. The 5-day average trading volume is 2,146,380 shares of the company’s common stock. It has gained $48.94 in the past week and touched a new high 1 time within the past 5 days. An average of 2,258,835 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,449,602.
Z’s 1-month performance is -9.25% or -$4.62 on its low of $44.89 reached on 09/25/23. 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 40.79% or $13.14 and has reached a new high 23 times. However, the current price is down -20.70% from the 52-week high price.
Insider Transactions
Z stock investors last saw insider trading activity on Aug 30.Samuelson Errol G (Chief Industry Dev. Officer) most recently sold 19,000 shares at $52.66 per share on Aug 30. This transaction cost the insider $1,000,608. Chief Financial Officer, Hofmann Jeremy, sold 13,984 shares at a price of $49.91 on Aug 18. Then, on Aug 18, Chief Operating Officer Wacksman Jeremy sold 6,979 shares at a price of $50.22 per share. This transaction amounted to $350,489.
Valuation Metrics
Z stock has a beta of 1.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.58 while the price-to-book (PB) in the most recent quarter is 2.35, with the price to cash flow ratio at 30.25.
Zillow Group Inc’s quick ratio for the period ended June 29 was 10.90, with the current ratio over the same period at 10.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.40, while the total debt to equity was 0.42.. In terms of profitability, the gross margin trailing 12 months is 80.24%. The trailing 12-month EBITDA margin is 6.03% while for the period ending June 29, Zillow Group Inc’s operating margin was -11.99%. 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 26 September was 23.24% to suggest the stock is trending oversold, with historical volatility in this time period at 22.97%.
The stock’s 5-day moving average is $45.97, reflecting a -4.26% or -$2.02 change from its current price. Z is currently trading -10.18% above its 20-day SMA, +6.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.63% and SMA200 by+27.32%.
Stochastic %K and %D was 5.36% and 5.21% and the average true range (ATR) pointed at 1.39. The RSI (14) points at 28.62%, while the 14-day stochastic is at 6.27% with the period’s ATR at 1.48. The stock’s 9-day MACD Oscillator is pointing at -1.39 and -2.94 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 10 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 $56.53.
