The stock of Zillow Group Inc. (NASDAQ:Z) last traded at $56.33, up 2.42% from the previous session.
Data from the available sources indicates that Zillow Group Inc. (NASDAQ:Z) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $30.00, we find $60.00. Given the previous closing price of $55.00, this indicates a potential upside of 9.09 percent. Z stock price is now 13.40% away from the 50-day moving average and 32.68% away from the 200-day moving average. The market capitalization of the company currently stands at $13.08B.
In total, 14 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $56.50 as their price target over the next twelve months.
In other news, Daimler Susan, President of Zillow sold 10,814 shares of the company’s stock on May 22. The stock was sold for $491,908 at an average price of $45.49. Upon completion of the transaction, the President of Zillow now directly owns 61,515 shares in the company, valued at $3.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, President of Zillow Daimler Susan sold 6,371 shares of the business’s stock. A total of $290,173 was realized by selling the stock at an average price of $45.55. This leaves the insider owning 39,777 shares of the company worth $2.24 million. Insiders disposed of 3,127,713 shares of company stock worth roughly $176.18 million over the past 1 year. A total of 9.72% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in Z stock. A new stake in Zillow Group Inc. shares was purchased by SOUTHPOINT CAPITAL ADVISORS LP during the first quarter worth $56,330,000. CONTRARIUS INVESTMENT MANAGEMENT LTD invested $21,504,000 in shares of Z during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in Zillow Group Inc. valued at approximately $15,123,000. HALF SKY CAPITAL (UK) LTD acquired a new stake in Z for approximately $14,569,000. CONTRAVISORY INVESTMENT MANAGEMENT, INC. purchased a new stake in Z valued at around $7,580,000 in the second quarter. In total, there are 588 active investors with 96.38% ownership of the company’s stock.
With an opening price of $54.66 on Friday morning, Zillow Group Inc. (NASDAQ: Z) set off the trading day. During the past 12 months, Zillow Group Inc. has had a low of $26.14 and a high of $55.75. The fifty day moving average price for Z is $49.89 and a two-hundred day moving average price translates $42.59 for the stock.
The latest earnings results from Zillow Group Inc. (NASDAQ: Z) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.18 by 0.21. This compares to -$0.01 EPS in the same period last year. The company reported revenue of $506.0 million for the quarter, compared to $504.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.4 percent. For the current quarter, analysts expect Z to generate $479.84M in revenue.
Zillow Group Inc.(Z) Company Profile
Zillow Group, Inc. operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans. The company’s Mortgages segment provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage services. Its Homes segment offers title and escrow services. The company’s brand portfolio includes Zillow Premier Agent, Zillow Home Loans, Zillow Closing Services, Zillow Rentals, Trulia, StreetEasy, HotPads, and Out East; and Mortech, a suite of marketing software and technology solutions for the real estate industry, as well as New Home Feed and ShowingTime+, and Bridge Interactive. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.
