Zillow Group Inc (Z) Shares on the Rise: Short-term Analysis

Zillow Group Inc [Z] stock prices are up 3.88% to $56.18 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The Z shares have gain 4.02% over the last week, with a monthly amount glided 8.20%, and seem to be holding up well over a long-time horizon.

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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.

The stock price of Zillow Group Inc [Z] has been fluctuating between $33.80 and $61.13 over the past year. 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 $56.18 at the most recent close of the market. An investor can expect a potential drop of -26.58% based on the average Z price forecast.

Analyzing the Z fundamentals

The Zillow Group Inc [NASDAQ:Z] reported sales of 2.07B for trailing twelve months, representing a surge of 13.04%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.06%, 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 -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.

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 54.48 points at the first support level, and at 52.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.07, and for the 2nd resistance point, it is at 57.96.

Ratios To Look Out For

It’s worth pointing out that Zillow Group Inc [NASDAQ:Z]’s Current Ratio is 2.12. On the other hand, the Quick Ratio is 2.12, and the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 6.33, the price to book ratio is 2.89.

Transactions by insiders

Recent insider trading involved Daimler Susan, Officer, that happened on Sep 10 ’24 when 3484.0 shares were purchased. Member of immediate family of, Daimler Susan completed a deal on Sep 10 ’24 to buy 2547.0 shares. Meanwhile, Director BLACHFORD ERIK C sold 1413.0 shares on Sep 03 ’24.

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