Zillow Group Inc [NASDAQ: Z] stock went on a downward path that fall over -9.40% on Wednesday, amounting to a one-week price decrease of less than -8.95%.
Over the last 12 months, Z stock rose by 42.33%. The one-year Zillow Group Inc stock forecast points to a potential upside of 10.62. The average equity rating for Z stock is currently 2.03, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $18.14 billion, with 181.94 million shares outstanding and 152.67 million shares in the current float. Compared to the average trading volume of 2.53M shares, Z stock reached a trading volume of 15253447 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 $87.50 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 2.03. 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.
Gordon Haskett have made an estimate for Zillow Group Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 18, 2023. While these analysts kept the previous recommendation, Jefferies dropped their target price from $95 to $75. The new note on the price target was released on February 03, 2022, representing the official price target for Zillow Group Inc stock.
The Average True Range (ATR) for Zillow Group Inc is set at 3.27, with the Price to Sales ratio for Z stock in the period of the last 12 months amounting to 8.11. The Price to Book ratio for the last quarter was 3.91, with the Price to Cash per share for the same quarter was set at 8.02. Price to Free Cash Flow for Z in the course of the last twelve months was 63.67 with Quick ratio for the last quarter at 2.81.
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 -8.95. With this latest performance, Z shares gained by 10.42% in over the last four-week period, additionally plugging by 53.23% over the last 6 months – not to mention a rise of 42.33% 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 43.04, with the RSI for the last a single of trading hit 35.70, and the three-weeks RSI is set at 47.14 for Zillow Group Inc [Z]. The present Moving Average for the last 50 days of trading for this stock 79.43, while it was recorded at 85.36 for the last single week of trading, and 60.77 for the last 200 days.
Insight into Zillow Group Inc Fundamentals:
Zillow Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.81 and a Current Ratio set at 2.81.
Z Stock EPS
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 Z. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zillow Group Inc go to 28.14%.
Zillow Group Inc [Z] Institutonal Ownership Details
There are presently around $95.64%, or 101.66%% of Z stock, in the hands of institutional investors. The top three institutional holders of Z stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 36.25 million shares, which is approximately 15.4449%. VANGUARD GROUP INC, holding 21.65 million shares of the stock with an approximate value of $$1.0 billion in Z stocks shares; and VANGUARD GROUP INC, currently with $$557.71 million in Z stock with ownership which is approximately 5.1225%.
