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Zillow Group Inc (Z) Is Down -11.42% in 2024 With Lots of Room to Run

Zillow Group Inc (NASDAQ: Z) is -11.42% lower on its value in year-to-date trading and has touched a low of $33.80 and a high of $61.13 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 Z stock was last observed hovering at around $51.55 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $51.25, the stock is 5.85% and 12.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.75 million and changing -0.58% at the moment leaves the stock 7.70% off its SMA200. Z registered -2.23% loss for a year compared to 6-month loss of -7.71%.

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The stock witnessed a 4.78% gain in the last 1 month and extending the period to 3 months gives it a 21.33%, and is -5.13% down 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 3.31% over the week and 3.63% over the month.

Zillow Group Inc (Z) has around 6263 employees, a market worth around $12.10B and $2.00B in sales. Fwd P/E is 28.11. Profit margin for the company is -7.93%. Distance from 52-week low is 51.63% and -16.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.76%).

with sales reaching $536.75M over the same period.The EPS is expected to shrink by -1.54% this year, but quarterly earnings will post 10.90% year-over-year. Quarterly sales are estimated to grow 13.60% in year-over-year returns.

Zillow Group Inc (Z) Top Institutional Holders

The shares outstanding are 171.85M, and float is at 154.75M with Short Float at 10.52%.

Zillow Group Inc (Z) Insider Activity

The most recent transaction is an insider sale by Daimler Susan,the company’sPresident of Zillow. SEC filings show that Daimler Susan sold 5,907 shares of the company’s common stock on Jun 12 ’24 at a price of $47.74 per share for a total of $0.28 million. Following the sale, the insider now owns 29665.0 shares.

Zillow Group Inc disclosed in a document filed with the SEC on Jun 11 ’24 that Hoag Jay C (Director) bought a total of 521,170 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $43.07 per share for $22.45 million. Following the transaction, the insider now directly holds 1.53 million shares of the Z stock.

Still, SEC filings show that on Jun 11 ’24, BLACHFORD ERIK C (Director) disposed off 1,413 shares at an average price of $43.33 for $61225.0. The insider now directly holds 36,816 shares of Zillow Group Inc (Z).

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