Zillow Group Inc [ZG] stock prices are up 1.88% to $54.06 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZG shares have gain 5.48% over the last week, with a monthly amount drifted -3.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zillow Group Inc [NASDAQ: ZG] stock has seen the most recent analyst activity on January 10, 2024, when BofA Securities downgraded its rating to a Neutral. Previously, JMP Securities upgraded its rating to Mkt Outperform on December 12, 2023, and kept the price target unchanged to $60. On November 21, 2023, Deutsche Bank initiated with a Buy rating and assigned a price target of $50 on the stock. Piper Sandler upgraded its rating to a Overweight and raised its price target to $62 on July 11, 2023. Wells Fargo started tracking with a Equal Weight rating for this stock on June 27, 2023, and assigned it a price target of $50. In a note dated May 01, 2023, Bernstein upgraded an Mkt Perform rating on this stock and boosted its target price from $35 to $45.
The stock price of Zillow Group Inc [ZG] has been fluctuating between $33.23 and $59.23 over the past year. Currently, Wall Street analysts expect the stock to reach $71.87 within the next 12 months. Zillow Group Inc [NASDAQ: ZG] shares were valued at $54.06 at the most recent close of the market. An investor can expect a potential return of 32.94% based on the average ZG price forecast.
Analyzing the ZG fundamentals
The Zillow Group Inc [NASDAQ:ZG] reported sales of 1.95B for trailing twelve months, representing a surge of 8.97%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.13 points at the first support level, and at 52.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.00, and for the 2nd resistance point, it is at 55.93.
Zillow Group Inc [ZG] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.08 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.33 per share as compared to estimates of $0.22 per share, a difference of $0.11 representing a surprise of 50.00%.
Ratios To Look Out For
It’s worth pointing out that Zillow Group Inc [NASDAQ:ZG]’s Current Ratio is 3.24. Also, the Quick Ratio is 3.24, while the Cash Ratio stands at 1.96. Considering the valuation of this stock, the price to sales ratio is 6.48, the price to book ratio is 2.79.
Transactions by insiders
Recent insider trading involved Wacksman Jeremy, Chief Operating Officer, that happened on Feb 16 when 20851.0 shares were sold. Chief People Officer, Spaulding Dan completed a deal on Feb 16 to sell 5114.0 shares. Meanwhile, General Counsel Owens Bradley D. sold 2887.0 shares on Feb 16.
