In today’s recent session, 1.33 million shares of the Zillow Group Inc (NASDAQ:Z) have been traded, and its beta is 1.94. Most recently the company’s share price was $60.24, and it changed around -$2.02 or -3.24% from the last close, which brings the market valuation of the company to $13.93B. Z at last check was trading at a discount to its 52-week high of $68.73, offering almost -14.09% off that amount. The share price’s 52-week low was $33.80, which indicates that the recent value has risen by an impressive 43.89% since then. We note from Zillow Group Inc’s average daily trading volume that its 10-day average is 2.76 million shares, with the 3-month average coming to 3.70 million.
Zillow Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.04. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended Z as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Zillow Group Inc is expected to report earnings per share of 0.29 for the current quarter.
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Zillow Group Inc (NASDAQ:Z) trade information
Instantly Z has been showing red trend so far today with a performance of -3.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 64.99 on recent trading dayincreased the stock’s daily price by 7.31%. The company’s shares are currently up 4.11% year-to-date, but still down -5.22% over the last five days. On the other hand, Zillow Group Inc (NASDAQ:Z) is 7.23% up in the 30-day period. We can see from the shorts that 15.3 million shares have been sold at a short interest cover period of 4.74 day(s).
The consensus price target as assigned by Wall Street analysts is $41, which translates to bulls needing to decrease their stock price by -46.93% from its current value. Analyst projections state that Z is forecast to be at a low of $33 and a high of $50.
Zillow Group Inc (Z) estimates and forecasts
Zillow Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 33.48 percent over the past six months and at a 12.70% annual growth rate that is well above the industry average of 7.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -12.10% in revenue this quarter, and will report an increase of 35.00% in the next quarter. The year-over-year growth rate is expected to be 12.60%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 555.32M in revenue for the current quarter. 20 analysts expect Zillow Group Inc to make 532.82M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 480.29M and 474M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.60%. Forecasts for the next quarter put sales growth at 12.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.24%. Zillow Group Inc earnings are expected to increase by 4.84% in 2024, but the outlook is positive 6.20% per year for the next five years.
Z Dividends
Zillow Group Inc’s next quarterly earnings report is expected to be released on 2024-Oct-30.
Zillow Group Inc (NASDAQ:Z)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.65% of Zillow Group Inc shares, and 100.13% of them are in the hands of institutional investors. The stock currently has a share float of 106.13%. Zillow Group Inc stock is held by 617.0 institutions, with CALEDONIA (PRIVATE) INVESTMENTS PTY LTD being the largest institutional investor. By 2024-06-30, it held 15.4449% of the shares, which is about 36.25 million shares worth $1.68 billion.
VANGUARD GROUP INC, with 9.2232% or 21.65 million shares worth $1.0 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
