Zillow Group, Inc. (NASDAQ:ZG) has a beta value of 1.42 and has seen 903,618 shares traded in the last trading session. The company, currently valued at $26.1 Billion, closed the last trade at $113.43 per share which meant it gained $2.19 on the day or 1.97% during that session. The ZG stock price is -6.01% off its 52-week high price of $120.25 and 83.56% above the 52-week low of $18.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 831.73 Million shares traded. The 3-month trading volume is 753.71 Million shares.
The consensus among analysts is that Zillow Group, Inc. (ZG) is an Overweight stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 9 out of 23 have rated it as a Hold, with 11 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $0.27.
Zillow Group, Inc. (NASDAQ:ZG) trade information
Sporting 1.97% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the ZG stock price touched $114.91 or saw a rise of 1.29%. Year-to-date, Zillow Group, Inc. shares have moved 147.99%, while the 5-day performance has seen it change 5.06%. Over the past 30 days, the shares of Zillow Group, Inc. (NASDAQ:ZG) have changed 14.51%. Short interest in the company has seen 1.7 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $125.57, which means that the shares’ value could jump 10.7% from current levels. The projected low price target is $33 while the price target rests at a high of $160. In that case, then, we find that the current price level is +41.06% off the targeted high while a plunge would see the stock lose -70.91% from current levels.
Zillow Group, Inc. (ZG) estimates and forecasts
Figures show that Zillow Group, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +93.4% over the past 6 months, with this year growth rate of -107.41%, compared to 17.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 203.8% and 132% for the next quarter. Revenue growth from the last financial year stood is estimated to be +19.7%.
19 analysts offering their estimates for the company have set an average revenue estimate of $739.31 Million for the current quarter. 14 have an estimated revenue figure of $874.5 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $943.95 Million and $1.13 Billion respectively for this quarter and the next, and analysts expect sales will grow by -21.7% for the current quarter and -22.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.3% over the past 5 years. Earnings growth for 2020 is a modest -144.4%.
Zillow Group, Inc. (NASDAQ:ZG)’s Major holders
Insiders own 3.48% of the company shares, while shares held by institutions stand at 93.59% with a share float percentage of 96.96%. Investors are also buoyed by the number of investors in a company, with Zillow Group, Inc. having a total of 327 institutions that hold shares in the company. The top two institutional holders are Caledonia (Private) Investments Pty Ltd with over 15.8 Million shares worth more than $1.6 Billion. As of September 29, 2020, Caledonia (Private) Investments Pty Ltd held 26.08% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 4.16 Million shares as of September 29, 2020. The firm’s total holdings are worth over $422.23 Million and represent 6.87% of shares outstanding.