At the time of writing, Zillow Group Inc [Z] stock is trading at $56.55, down -0.67%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The Z shares have gain 3.78% over the last week, with a monthly amount glided 2.91%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Homes listed for sale in early June sell for $7,700 more. In a post published today on Yahoo Finance, New Zillow research suggests the spring home-shopping season may see a second wave if mortgage rates fall.
From an analyst’s perspective:
On August 03, 2020, downgrade downgraded it’s rating to Hold. Needham upgraded its rating to a Buy but stick to its price target of $80 on June 08, 2020. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Standpoint Research downgraded its rating to Hold for this stock on July 16, 2019. In a note dated November 26, 2018, Standpoint Research initiated an Buy rating and provided a target price of $48 on this stock.
For the past year, the stock price of Zillow Group Inc fluctuated between $33.80 and $61.13. Currently, Wall Street analysts expect the stock to reach $41.25 within the next 12 months. Zillow Group Inc [NASDAQ: Z] shares were valued at $56.55 at the most recent close of the market. An investor can expect a potential drop of -27.06% based on the average Z price forecast.
Analyzing the Z fundamentals
According to Zillow Group Inc [NASDAQ:Z], the company’s sales were 1.95B for trailing twelve months, which represents an 8.97% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
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 55.86 points at the first support level, and at 55.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.41, and for the 2nd resistance point, it is at 58.28.
Zillow Group Inc [Z] 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 $0.23 per share, a difference of $0.1 representing a surprise of 43.50%.
Ratios To Look Out For
It is important to note that Zillow Group Inc [NASDAQ:Z] has a current ratio of 3.24. Further, the Quick Ratio stands at 3.24, while the Cash Ratio is 1.54. Considering the valuation of this stock, the price to sales ratio is 6.78, the price to book ratio is 2.92.
Transactions by insiders
Recent insider trading involved BLACHFORD ERIK C, Director, that happened on Mar 05 ’24 when 67423.0 shares were sold. Director, Bohutinsky Amy completed a deal on Mar 04 ’24 to sell 93750.0 shares. Meanwhile, President of Zillow Daimler Susan sold 15206.0 shares on Mar 01 ’24.
