The price of Zillow Group Inc (NASDAQ:Z) shares last traded on Wall Street rose 3.70% to $39.76.
Based on available information, 28 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 $59.00 and a low of $32.00, we find $47.00. Given the previous closing price of $38.34, this indicates a potential upside of 22.59 percent. Z stock price is now -4.89% away from the 50-day moving average and -13.53% away from the 200-day moving average. The market capitalization of the company currently stands at $9.29B.
Among analysts, 13 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $46.76 as their price target over the next twelve months.
In other news, Spaulding Dan, Chief People Officer sold 5,032 shares of the company’s stock on Nov 22. The stock was sold for $200,177 at an average price of $39.78. Upon completion of the transaction, the Chief People Officer now directly owns 51,380 shares in the company, valued at $2.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20, General Counsel Owens Bradley D. sold 4,662 shares of the business’s stock. A total of $182,035 was realized by selling the stock at an average price of $39.05. This leaves the insider owning 18,147 shares of the company worth $0.72 million. Insiders disposed of 272,985 shares of company stock worth roughly $10.85 million over the past 1 year. A total of 34.22% of the company’s stock is owned by insiders.
A candlestick chart of Zillow Group Inc (NASDAQ: Z) showed a price of $38.70 on Wednesday morning. During the past 12 months, Zillow Group Inc has had a low of $31.10 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 3.84, and a quick ratio of 3.84. The fifty day moving average price for Z is $41.81 and a two-hundred day moving average price translates $45.98 for the stock.
The latest earnings results from Zillow Group Inc (NASDAQ: Z) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.23 by 0.1. This compares to -$0.01 EPS in the same period last year. The net profit margin was -8.24% and return on equity was -3.44% for Z. The company reported revenue of $496.0 million for the quarter, compared to $483.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.69 percent. For the current quarter, analysts expect Z to generate $447.91M in revenue.
