Zillow Group Inc (NASDAQ:Z) shares traded 0.58% higher at $36.46 on Wall Street last session.
In accordance with the data, 27 analysts cover 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 $55.00. Given the previous closing price of $36.25, this indicates a potential upside of 51.72 percent. Z stock price is now -20.41% away from the 50-day moving average and -21.49% away from the 200-day moving average. The market capitalization of the company currently stands at $8.49B.
It has been rated a hold by 13 analysts and a buy by 12. Brokers who have rated the stock have averaged $53.80 as their price target over the next twelve months.
In other news, Samuelson Errol G, Chief Industry Dev. Officer sold 19,000 shares of the company’s stock on Aug 30. The stock was sold for $1,000,608 at an average price of $52.66. Upon completion of the transaction, the Chief Industry Dev. Officer now directly owns 131,455 shares in the company, valued at $4.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, Chief Financial Officer Hofmann Jeremy sold 13,984 shares of the business’s stock. A total of $697,979 was realized by selling the stock at an average price of $49.91. This leaves the insider owning 121,334 shares of the company worth $4.42 million. Insiders disposed of 3,163,741 shares of company stock worth roughly $115.35 million over the past 1 year. A total of 34.64% of the company’s stock is owned by insiders.
Zillow Group Inc (NASDAQ: Z) opened at $36.06 on Wednesday. During the past 12 months, Zillow Group Inc has had a low of $28.07 and a high of $57.19. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 10.90, and a quick ratio of 10.90. The fifty day moving average price for Z is $45.81 and a two-hundred day moving average price translates $46.44 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 net profit margin was -9.61% and return on equity was -3.93% for Z. 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 $480.29M in revenue.
