Zillow Group Inc (NASDAQ:ZG) price on Friday, February 28, rose 0.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $74.39.
A look at the stock’s price movement, the close in the last trading session was $73.86. Turning to its 52-week performance, $86.58 and $38.06 were the 52-week high and 52-week low respectively. Overall, ZG moved -6.73% over the past month.
Zillow Group Inc’s market cap currently stands at around $18.51 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 587.03M for the company’s revenue for the quarter, with a low and high estimate of 581.51M and 599.32M respectively. The average forecast suggests up to a 10.97% 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 2.55B, representing a 14.17% 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 50% Buy. On the other hand, the stock is on average a 50% 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 -4.68% and -1.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.84, while 7-day volatility ratio is 3.44% and 3.61% in the 30-day chart. Further, Zillow Group Inc (ZG) has a beta value of 2.33, and an average true range (ATR) of 2.94. Analysts have given the company’s stock an average 52-week price target of $73, forecast between a low of $62 and high of $86. Looking at the price targets, the low is 16.66% off current price level while to achieve the yearly target high, price needs to move -15.61%. Nonetheless, investors will most likely welcome a 1.87% jump to $73 which is the analysts’ median price.
If we refocus on Zillow Group Inc (NASDAQ:ZG), historical trading data shows that trading volumes averaged 513.56K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.33 million shares.
The 78.47% of Zillow Group Inc’s shares are in the hands of company insiders while institutional holders own 18.51% of the company’s shares. Current price change has pushed the stock 5.00% 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.
