Daily Market Movement: Zillow Group Inc (ZG) Sees a 0.78 Increase, Closing at 51.84

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The closing price of Zillow Group Inc (NASDAQ: ZG) was $51.84 for the day, up 0.78% from the previous closing price of $51.44. In other words, the price has increased by $0.78 from its previous closing price. On the day, 0.57 million shares were traded. ZG stock price reached its highest trading level at $52.01 during the session, while it also had its lowest trading level at $50.183.

Ratios:

Our analysis of ZG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.46. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.13.

On December 12, 2023, JMP Securities Upgraded its rating to Mkt Outperform which previously was Mkt Perform but kept the price unchanged to $60.

On November 21, 2023, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $50.Deutsche Bank initiated its Buy rating on November 21, 2023, with a $50 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 14 ’24 when Wacksman Jeremy bought 4,480 shares for $52.83 per share.

Spaulding Dan bought 2,991 shares of ZG for $159,070 on Aug 14 ’24. On Aug 14 ’24, another insider, Samuelson Errol G, who serves as the Officer of the company, bought 7,000 shares for $52.85 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZG now has a Market Capitalization of 12337454080 and an Enterprise Value of 11175076864. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.79 while its Price-to-Book (P/B) ratio in mrq is 2.67. Its current Enterprise Value per Revenue stands at 5.396 whereas that against EBITDA is -83.396.

Stock Price History:

Over the past 52 weeks, ZG has reached a high of $59.23, while it has fallen to a 52-week low of $33.23. The 50-Day Moving Average of the stock is 12.50%, while the 200-Day Moving Average is calculated to be 10.75%.

Shares Statistics:

ZG traded an average of 619.92K shares per day over the past three months and 995340 shares per day over the past ten days. A total of 55.28M shares are outstanding, with a floating share count of 52.21M. Insiders hold about 77.44% of the company’s shares, while institutions hold 19.51% stake in the company. Shares short for ZG as of 1722384000 were 1019640 with a Short Ratio of 1.64, compared to 1719532800 on 1107609. Therefore, it implies a Short% of Shares Outstanding of 1019640 and a Short% of Float of 4.6.

Earnings Estimates

The dynamic stock of Zillow Group Inc (ZG) is currently being evaluated by a team of 12.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.27, with high estimates of $0.35 and low estimates of $0.2.

Analysts are recommending an EPS of between $1.44 and $1.22 for the fiscal current year, implying an average EPS of $1.3. EPS for the following year is $1.81, with 14.0 analysts recommending between $2.42 and $1.47.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 22 analysts. It ranges from a high estimate of $565M to a low estimate of $549.9M. As of the current estimate, Zillow Group Inc’s year-ago sales were $480.47MFor the next quarter, 22 analysts are estimating revenue of $531.7M. There is a high estimate of $556.22M for the next quarter, whereas the lowest estimate is $512.55M.

A total of 22 analysts have provided revenue estimates for ZG’s current fiscal year. The highest revenue estimate was $2.22B, while the lowest revenue estimate was $2.17B, resulting in an average revenue estimate of $2.19B. In the same quarter a year ago, actual revenue was $1.95BBased on 22 analysts’ estimates, the company’s revenue will be $2.48B in the next fiscal year. The high estimate is $2.65B and the low estimate is $2.38B.

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