Zillow Group Inc (NASDAQ:ZG) price on Friday, February 07, rose 0.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $84.46.
A look at the stock’s price movement, the close in the last trading session was $84.07, moving within a range at $82.81 and $85.33. The beta value (5-Year monthly) was 2.017. Turning to its 52-week performance, $84.96 and $38.06 were the 52-week high and 52-week low respectively. Overall, ZG moved 21.23% over the past month.
Zillow Group Inc’s market cap currently stands at around $20.25 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 546.38M for the company’s revenue for the quarter, with a low and high estimate of 531.75M and 581M respectively. The average forecast suggests up to a 15.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.24B, representing a 15.12% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ZG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
20 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 16 recommend ZG as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ZG’s current price about 9.47% and 10.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.06, while 7-day volatility ratio is 2.59% and 2.78% in the 30-day chart. Further, Zillow Group Inc (ZG) has a beta value of 2.33, and an average true range (ATR) of 2.28. Analysts have given the company’s stock an average 52-week price target of $72, forecast between a low of $36 and high of $86. Looking at the price targets, the low is 57.38% off current price level while to achieve the yearly target high, price needs to move -1.82%. Nonetheless, investors will most likely welcome a 14.75% jump to $72 which is the analysts’ median price.
If we refocus on Zillow Group Inc (NASDAQ:ZG), historical trading data shows that trading volumes averaged 0.39 over the past 10 days and 454.43K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.32 million shares.
The 77.72% of Zillow Group Inc’s shares are in the hands of company insiders while institutional holders own 19.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.7 million on 2025-01-15, giving us a short ratio of 1.61. The data shows that as of 2025-01-15 short interest in Zillow Group Inc (ZG) stood at 317.0 of shares outstanding, with shares short falling to 1.14 million registered in 2024-12-13. Current price change has pushed the stock 19.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZG stock continues to rise going into the next quarter.
