Zillow Group Inc (NASDAQ:Z) finished Friday with a subtraction of -$0.41 to close at $46.16, a downside of -0.88 percent. An average of 2,285,480 shares of common stock have been traded in the last five days. There was a gain of $0.94 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 2,307,050 shares traded, while the 50-day average volume stands at 2,416,580.
Z stock has decreased by -12.08% in the last month. The company shares reached their 1-month lowest point of $44.89 on 09/25/23. 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 43.31% or $13.95 in price. In spite of this, the price is down -19.29% 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 31 days ago on Aug 30. In this transaction, the insider spent $1,000,608. Chief Financial Officer, Hofmann Jeremy, disposed of 13,984 shares at a price of $49.91 on Aug 18. The insider now owns more than $697,979 worth of shares. Prior to that, Chief Operating Officer Wacksman Jeremy went on to Sale 6,979 shares at $50.22 each on Aug 18. An amount of $350,489 was transacted.
Valuation Metrics
Zillow Group Inc (Z) stock’s beta is 1.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.68, the price-to-book (PB) ratio at 2.39, and the price-to-cash flow ratio at 30.79.
Financial Health
The quick ratio of Zillow Group Inc for the three months ended June 29 was 10.90, and the current ratio was 10.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.40 and a total debt to equity ratio of 0.42 for the quarter ending June 29. 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 29 September was 35.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.93%.
As of today, Z’s price is $45.92 +2.08% or $0.94 from its 5-day moving average. Z is currently trading -11.50% lower than its 20-day SMA and -4.33% lower than its 100-day SMA. However, the stock’s current price level is -12.53% below the SMA50 and +30.25% above the SMA200.
The stochastic %K and %D were 18.86% and 14.65%, respectively, and the average true range (ATR) was 1.40. With the 14-day stochastic at 17.35% and the average true range at 1.47, the RSI (14) stands at 35.66%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.95.
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 10 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 $56.53.
