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Z Stock Forecast: All the More Reason to Consider Zillow Group Inc. (Z) Now

Zillow Group Inc. (NASDAQ: Z) is 38.53% higher on its value in year-to-date trading and has touched a low of $26.14 and a high of $65.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The Z stock was last observed hovering at around $44.42 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $39.00 for the next 12 months. It is also 14.19% off the consensus price target high of $52.00 offered by 27 analysts, but current levels are -85.92% lower than the price target low of $24.00 for the same period.

Currently trading at $44.62, the stock is 17.71% and 21.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.87 million and changing 0.45% at the moment leaves the stock 23.79% off its SMA200. Z registered -12.68% loss for a year compared to 6-month loss of 24.95%.

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The stock witnessed a 31.43% gain in the last 1 month and extending the period to 3 months gives it a 52.34%, and is 4.18% 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 3.29% over the week and 3.80% over the month.

Zillow Group Inc. (Z) has around 5830 employees, a market worth around $10.53B and $8.07B in sales. Fwd P/E is 37.50. Distance from 52-week low is 70.68% and -32.27% from its 52-week high.

Zillow Group Inc. (Z) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Zillow Group Inc. (Z) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.50, where 13 rate it as a Hold and 0 think it is a “Overweight”. 11 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 05/04/2023.The EPS is expected to grow by 417.00% this year.

Zillow Group Inc. (Z) Top Institutional Holders

The shares outstanding are 173.31M, and float is at 153.86M with Short Float at 14.99%.

Zillow Group Inc. (Z) Insider Activity

A total of 39 insider transactions have happened at Zillow Group Inc. (Z) in the last six months, with sales accounting for 32 and purchases happening 7 times. The most recent transaction is an insider sale by Rock Jennifer,the company’sChief Accounting Officer. SEC filings show that Rock Jennifer sold 2,600 shares of the company’s common stock on Dec 02 at a price of $38.34 per share for a total of $99671.0. Following the sale, the insider now owns 62161.0 shares.

Zillow Group Inc. disclosed in a document filed with the SEC on Nov 30 that Daimler Susan (President of Zillow) sold a total of 3,295 shares of the company’s common stock. The trade occurred on Nov 30 and was made at $35.96 per share for $0.12 million. Following the transaction, the insider now directly holds 18105.0 shares of the Z stock.

Still, SEC filings show that on Nov 30, Daimler Susan (President of Zillow) disposed off 4,375 shares at an average price of $35.99 for $0.16 million. The insider now directly holds 32,589 shares of Zillow Group Inc. (Z).

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

The company’s main competitors (and peers) include Omnicell Inc. (OMCL) that is -64.24% lower over the past 12 months. PDF Solutions Inc. (PDFS) is 22.38% up on the 1-year trading charts.

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