Zillow Group Inc. [Z] is -9.46% lower this YTD. Is it still time to buy?

Zillow Group Inc. [NASDAQ: Z] stock went on a downward path that fall over -1.80% on Wednesday, amounting to a one-week price decrease of less than -5.39%. The company report on July 7, 2021 that Zillow Announces Evolution of Best of Zillow in Premier Agent Program.

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The Best of Zillow status will incorporate additional metrics to recognize agents with a proven track record of customer success; Zillow also introduces upgraded resources to support agents’ business growth.

Zillow announced new improvements to its Premier Agent program to better recognize Premier Agent partners who are creating an exceptional customer experience for home buyers and sellers, and to provide partners with training and development resources to support and help grow their business.

Over the last 12 months, Z stock rose by 87.46%. The one-year Zillow Group Inc. stock forecast points to a potential upside of 36.24. The average equity rating for Z stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $21.17 billion, with 180.10 million shares outstanding and 177.12 million shares in the current float. Compared to the average trading volume of 3.13M shares, Z stock reached a trading volume of 2265275 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Zillow Group Inc. [Z]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for Z shares is $184.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on Z stock is a recommendation set at 2.20. 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.

Standpoint Research have made an estimate for Zillow Group Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 03, 2020. The new note on the price target was released on June 08, 2020, representing the official price target for Zillow Group Inc. stock.

The Average True Range (ATR) for Zillow Group Inc. is set at 4.55, with the Price to Sales ratio for Z stock in the period of the last 12 months amounting to 6.17. The Price to Book ratio for the last quarter was 5.27.

Z Stock Performance Analysis:

Zillow Group Inc. [Z] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.39. With this latest performance, Z shares gained by 4.40% in over the last four-week period, additionally sinking by -13.36% over the last 6 months – not to mention a rise of 87.46% 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 Z stock in for the last two-week period is set at 50.45, with the RSI for the last a single of trading hit 49.37, and the three-weeks RSI is set at 49.58 for Zillow Group Inc. [Z]. The present Moving Average for the last 50 days of trading for this stock 115.96, while it was recorded at 119.47 for the last single week of trading, and 125.33 for the last 200 days.

Insight into Zillow Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Zillow Group Inc. [Z] shares currently have an operating margin of +1.06 and a Gross Margin at +45.16. Zillow Group Inc.’s Net Margin is presently recorded at -4.85.

Return on Total Capital for Z is now 0.54, given the latest momentum, and Return on Invested Capital for the company is -2.76. Return on Equity for this stock declined to -3.97, with Return on Assets sitting at -2.38. When it comes to the capital structure of this company, Zillow Group Inc. [Z] has a Total Debt to Total Equity ratio set at 53.14. Additionally, Z Total Debt to Total Capital is recorded at 34.70, with Total Debt to Total Assets ending up at 33.66. Long-Term Debt to Equity for the company is recorded at 38.41, with the Long-Term Debt to Total Capital now at 25.08.

Reflecting on the efficiency of the workforce at the company, Zillow Group Inc. [Z] managed to generate an average of -$29,454 per employee. Receivables Turnover for the company is 48.78 with a Total Asset Turnover recorded at a value of 0.49.

Zillow Group Inc. [Z] Insider Position Details

There are presently around $23,029 million, in the hands of institutional investors. The top three institutional holders of Z stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 36,394,056, which is approximately 0% of the company’s market cap and around 9.23% of the total institutional ownership; VANGUARD GROUP INC, holding 12,048,668 shares of the stock with an approximate value of $1.42 billion in Z stocks shares; and MORGAN STANLEY, currently with $1.34 billion in Z stock with ownership of nearly 6.512% of the company’s market capitalization.

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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 314 institutional holders increased their position in Zillow Group Inc. [NASDAQ:Z] by around 23,027,413 shares. Additionally, 225 investors decreased positions by around 14,555,665 shares, while 54 investors held positions by with 158,377,397 shares. The mentioned changes placed institutional holdings at 195,960,475 shares, according to the latest SEC report filing. Z stock had 106 new institutional investments in for a total of 3,159,742 shares, while 72 institutional investors sold positions of 3,096,702 shares during the same period.

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