Stocks of Zillow Group Inc (NASDAQ:Z) traded higher last session on Wall Street, up 10.03% to $52.00.
According to the data, Zillow Group Inc (NASDAQ:Z) has 28 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $32.00, we find $47.50. Given the previous closing price of $47.26, this indicates a potential upside of 0.51 percent. Z stock price is now 27.19% away from the 50-day moving average and 13.23% away from the 200-day moving average. The market capitalization of the company currently stands at $12.15B.
A total of 12 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $47.36 as their price target over the next twelve months.
In other news, Rock Jennifer, Chief Accounting Officer sold 2,222 shares of the company’s stock on Dec 06. The stock was sold for $100,417 at an average price of $45.19. Upon completion of the transaction, the Chief Accounting Officer now directly owns 63,736 shares in the company, valued at $3.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05, President of Zillow Daimler Susan sold 3,865 shares of the business’s stock. A total of $167,973 was realized by selling the stock at an average price of $43.46. This leaves the insider owning 44,604 shares of the company worth $2.32 million. Insiders disposed of 300,340 shares of company stock worth roughly $15.62 million over the past 1 year. A total of 34.21% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $47.40 for Zillow Group Inc (NASDAQ: Z). 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 $40.88 and a two-hundred day moving average price translates $45.92 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.
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.
