The price of Zillow Group Inc. (NASDAQ:Z) shares last traded on Wall Street fell -1.73% to $50.68.
Based on available information, 27 analysts follow Zillow Group Inc. (NASDAQ:Z). 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 $36.00, we find $60.00. Given the previous closing price of $51.57, this indicates a potential upside of 16.35 percent. Z stock price is now -1.55% away from the 50-day moving average and 16.17% away from the 200-day moving average. The market capitalization of the company currently stands at $11.73B.
Among analysts, 14 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $56.95 as their price target over the next twelve months.
In other news, Rock Jennifer, Chief Accounting Officer sold 11,568 shares of the company’s stock on Aug 03. The stock was sold for $611,836 at an average price of $52.89. Upon completion of the transaction, the Chief Accounting Officer now directly owns 75,298 shares in the company, valued at $3.82 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 10,814 shares of the business’s stock. A total of $491,908 was realized by selling the stock at an average price of $45.49. This leaves the insider owning 61,515 shares of the company worth $3.12 million. Insiders disposed of 3,090,676 shares of company stock worth roughly $156.64 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 MOORE CAPITAL MANAGEMENT, LP during the first quarter worth $25,306,000. CONTRARIUS INVESTMENT MANAGEMENT LTD invested $19,347,000 in shares of Z during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Zillow Group Inc. valued at approximately $14,753,000. VISTA EQUITY PARTNERS MANAGEMENT, LLC acquired a new stake in Z for approximately $12,857,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC purchased a new stake in Z valued at around $12,764,000 in the second quarter. In total, there are 588 active investors with 96.38% ownership of the company’s stock.
A candlestick chart of Zillow Group Inc. (NASDAQ: Z) showed a price of $51.61 on Thursday morning. During the past 12 months, Zillow Group Inc. has had a low of $26.14 and a high of $57.19. The fifty day moving average price for Z is $51.54 and a two-hundred day moving average price translates $43.73 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 $480.12M in revenue.
