Zillow Group Inc (NASDAQ: ZG)’s stock price has gone decline by -0.63 in comparison to its previous close of 45.83, however, the company has experienced a -4.85% decrease in its stock price over the last five trading days. CNBC Television reported 2024-04-02 that Spencer Rascoff, Zillow co-founder, joins ‘Closing Bell Overtime’ to discuss the state of the housing market as home prices remain elevated in a tight market.
Is It Worth Investing in Zillow Group Inc (NASDAQ: ZG) Right Now?
Moreover, the 36-month beta value for ZG is 1.85. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for ZG is 53.23M and currently, short sellers hold a 4.03% of that float. On April 05, 2024, ZG’s average trading volume was 717.67K shares.
ZG’s Market Performance
ZG stock saw a decrease of -4.85% in the past week, with a monthly decline of -15.71% and a quarterly a decrease of -13.67%. The volatility ratio for the week is 3.20%, and the volatility levels for the last 30 days are 4.51% for Zillow Group Inc (ZG). The simple moving average for the last 20 days is -8.43% for ZG’s stock, with a simple moving average of -6.19% for the last 200 days.
Analysts’ Opinion of ZG
JMP Securities, on the other hand, stated in their research note that they expect to see ZG reach a price target of $60. The rating they have provided for ZG stocks is “Mkt Outperform” according to the report published on December 12th, 2023.
Deutsche Bank gave a rating of “Buy” to ZG, setting the target price at $50 in the report published on November 21st of the previous year.
ZG Trading at -12.90% from the 50-Day Moving Average
After a stumble in the market that brought ZG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.11% of loss for the given period.
Volatility was left at 4.51%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares sank -16.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.69% lower at present.
During the last 5 trading sessions, ZG fell by -5.70%, which changed the moving average for the period of 200-days by -3.65% in comparison to the 20-day moving average, which settled at $49.29. In addition, Zillow Group Inc saw -19.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZG starting from Samuelson Errol G, who sale 4,219 shares at the price of $49.60 back on Mar 26 ’24. After this action, Samuelson Errol G now owns 168,863 shares of Zillow Group Inc, valued at $209,278 using the latest closing price.
Hofmann Jeremy, the Chief Financial Officer of Zillow Group Inc, sale 7,813 shares at $54.76 during a trade that took place back on Mar 15 ’24, which means that Hofmann Jeremy is holding 137,347 shares at $427,873 based on the most recent closing price.
Stock Fundamentals for ZG
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.78 for the gross margin
The net margin for Zillow Group Inc stands at -0.07. The total capital return value is set at -0.04. Equity return is now at value -3.51, with -2.39 for asset returns.
Based on Zillow Group Inc (ZG), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -6.11.
Currently, EBITDA for the company is 126.0 million with net debt to EBITDA at 2.7. When we switch over and look at the enterprise to sales, we see a ratio of 5.68. The receivables turnover for the company is 20.26for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.
Conclusion
To wrap up, the performance of Zillow Group Inc (ZG) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
