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Zillow Group Inc. (ZG) Stock Could Soon Reward Patient Investors

Zillow Group Inc. (NASDAQ: ZG) is -0.49% lower on its value in year-to-date trading and has touched a low of $40.23 and a high of $212.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZG stock was last observed hovering at around $139.05 in the last trading session, with the day’s loss setting it -3.77% off its average median price target of $210.00 for the next 12 months. It is also 45.89% off the consensus price target high of $250.00 offered by 23 analysts, but current levels are -28.84% lower than the price target low of $105.00 for the same period.

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Currently trading at $135.28, the stock is -3.24% and -8.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.3 million and changing -2.71% at the moment leaves the stock 13.73% off its SMA200. ZG registered 200.76% gain for a year compared to 6-month gain of 45.34%. The firm has a 50-day simple moving average (SMA 50) of $140.58 and a 200-day simple moving average (SMA200) of $135.38.

The stock witnessed a 6.89% loss in the last 1 month and extending the period to 3 months gives it a -4.54%, and is 0.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.94% over the week and 4.48% over the month.

Zillow Group Inc. (ZG) has around 5504 employees, a market worth around $31.15B and $3.34B in sales. Fwd P/E is 97.68. Profit margin for the company is -4.90%. Distance from 52-week low is 236.27% and -36.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.50%).

Zillow Group Inc. (ZG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Zillow Group Inc. (ZG) is a “Overweight”. 23 analysts offering their recommendations for the stock have an average rating of 2.10, where 6 rate it as a Hold and 0 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Zillow Group Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $1.1B over the same period.The EPS is expected to grow by 51.10% this year, but quarterly earnings will post 63.50% year-over-year. Quarterly sales are estimated to shrink -2.10% in year-over-year returns.

Zillow Group Inc. (ZG) Top Institutional Holders

490 institutions hold shares in Zillow Group Inc. (ZG), with 8.05M shares held by insiders accounting for 3.35% while institutional investors hold 100.29% of the company’s shares. The shares outstanding are 235.43M, and float is at 212.44M with Short Float at 0.89%. Institutions hold 96.93% of the Float.

The top institutional shareholder in the company is Caledonia (Private) Investments Pty Ltd with over 15.8 million shares valued at $2.15 billion. The investor’s holdings represent 25.76% of the ZG Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.43 million shares valued at $737.67 million to account for 8.85% of the shares outstanding. The other top investors are Morgan Stanley which holds 3.88 million shares representing 6.33% and valued at over $528.04 million, while Baillie Gifford and Company holds 5.18% of the shares totaling 3.18 million with a market value of $432.22 million.

Zillow Group Inc. (ZG) Insider Activity

A total of 134 insider transactions have happened at Zillow Group Inc. (ZG) in the last six months, with sales accounting for 97 and purchases happening 37 times.

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Zillow Group Inc. (ZG): Who are the competitors?

The company’s main competitors (and peers) include CoStar Group Inc. (CSGP) that is 35.03% higher over the past 12 months. Short interest in the company’s stock has fallen -14.55% from the last report on Apr 14, 2021 to stand at a total of 1.89 million short shares sold with a short interest ratio of 3.

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