Zillow Group Inc. [NASDAQ: ZG] traded at a high on 10/01/20, posting a 5.93 gain after which it closed the day’ session at $107.56.
The results of the trading session contributed to over 1174662 shares changing hands. Over the past one week, the price volatility of Zillow Group Inc. stands at 3.47% while the volatility over the past one month is 5.16%.
The market cap for ZG stock reached $23.57 billion, with 219.47 million shares outstanding and 198.34 million shares in the current float. Compared to the average trading volume of 691.32K shares, ZG reached a trading volume of 1174662 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Zillow Group Inc. [ZG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZG shares is $91.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZG stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Zillow Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 25, 2020. The new note on the price target was released on September 02, 2020, representing the official price target for Zillow Group Inc. stock. On August 04, 2020, analysts increased their price target for ZG shares from 39 to 70.
The Average True Range (ATR) for Zillow Group Inc. is set at 4.47, with the Price to Sales ratio for ZG stock in the period of the last 12 months amounting to 6.58. The Price to Book ratio for the last quarter was 5.87, with the Price to Cash per share for the same quarter was set at 16.14. Price to Free Cash Flow for ZG in the course of the last twelve months was 65.06 with Quick ratio for the last quarter at 9.70.
How has ZG stock performed recently?
Zillow Group Inc. [ZG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.39. With this latest performance, ZG shares gained by 21.87% in over the last four-week period, additionally plugging by 269.62% over the last 6 months – not to mention a rise of 276.08% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZG stock in for the last two-week period is set at 79.34, with the RSI for the last a single of trading hit 83.23, and the three-weeks RSI is set at 75.83 for Zillow Group Inc. [ZG]. The present Moving Average for the last 50 days of trading for this stock 83.28, while it was recorded at 102.53 for the last single week of trading, and 57.42 for the last 200 days.
Zillow Group Inc. [ZG]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Zillow Group Inc. [ZG] shares currently have an operating margin of -9.00 and a Gross Margin at +45.53. Zillow Group Inc.’s Net Margin is presently recorded at -11.13.
Return on Total Capital for ZG is now -4.91, given the latest momentum, and Return on Invested Capital for the company is -6.66. Return on Equity for this stock declined to -9.11, with Return on Assets sitting at -5.86. When it comes to the capital structure of this company, Zillow Group Inc. [ZG] has a Total Debt to Total Equity ratio set at 73.15. Additionally, ZG Total Debt to Total Capital is recorded at 42.25, with Total Debt to Total Assets ending up at 40.98. Long-Term Debt to Equity for the company is recorded at 51.34, with the Long-Term Debt to Total Capital now at 29.65.
Reflecting on the efficiency of the workforce at the company, Zillow Group Inc. [ZG] managed to generate an average of -$58,175 per employee. Receivables Turnover for the company is 41.22 with a Total Asset Turnover recorded at a value of 0.53.Zillow Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.70 and a Current Ratio set at 10.10.
Earnings analysis for Zillow Group Inc. [ZG]
With the latest financial reports released by the company, Zillow Group Inc. posted -0.12/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 40.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZG.
Insider trade positions for Zillow Group Inc. [ZG]
There are presently around $6,443 million, or 98.77% of ZG stock, in the hands of institutional investors. The top three institutional holders of ZG stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 15,797,294, which is approximately 1.771% of the company’s market cap and around 0.30% of the total institutional ownership; ARK INVESTMENT MANAGEMENT LLC, holding 5,033,059 shares of the stock with an approximate value of $541.36 million in ZG stocks shares; and VANGUARD GROUP INC, currently with $528.51 million in ZG stock with ownership of nearly -5.416% of the company’s market capitalization.
Positions in Zillow Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 118 institutional holders increased their position in Zillow Group Inc. [NASDAQ:ZG] by around 7,197,337 shares. Additionally, 87 investors decreased positions by around 4,798,059 shares, while 32 investors held positions by with 47,903,866 shares. The mentioned changes placed institutional holdings at 59,899,262 shares, according to the latest SEC report filing. ZG stock had 58 new institutional investments in for a total of 4,029,701 shares, while 32 institutional investors sold positions of 1,054,201 shares during the same period.