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Zillow Group Inc. (NASDAQ:ZG) stock Posted Gross Margin of 81.70 percent in Last Year: Is Justifiable?

JP Morgan raised the price target for the Zillow Group Inc. (NASDAQ:ZG) stock to “an Overweight”. The rating was released on February 27, 2023, according to finviz. We previously noted in another research note published on February 13, 2023 by Evercore ISI that upgraded the stock from an In-line to an Outperform with a price target of $61 for ZG stock. The research report from BofA Securities has upgraded the stock from Underperform to Buy, with a price target set at $42. The stock was resumed by Citigroup, who disclosed in a research note on December 13, 2022, to Buy and set the price objective to $50. In their research brief published December 02, 2022, UBS analysts initiated the Zillow Group Inc. stock to Buy with a price target of $50.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Zillow Group Inc. (NASDAQ:ZG) dipped -2.55% to close Friday’s market session at $39.81, lower as compared to yesterday’s close. The stock price fluctuated between $39.49 and $40.63 throughout the trading session with the volume trading being 682919 shares, which represented a significant variation when compared to the three months average volume of 648.19K shares. The firm’s stock price fluctuated 3.00% within the last five trades and -14.68% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 9.94% in the last 6 months and 7.19% was added to its value over the previous 3 months. ZG stock is trading at a margin of -3.76%, -4.64% and 10.79% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, ZG deals in the Communication Services domain. The stock is trading -28.73 percent below its 52-week high and 51.87 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -16. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Zillow Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -5.50 percent and the profit margin is -5.20 percent, and the company has reported a gross margin of 81.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $9.46 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 24.77. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.83 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.10, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.49 percent of Zillow Group Inc. shares are owned by insiders, and 85.90 percent are held by financial institutions. Wacksman Jeremy, the Chief Operating Officer at Zillow Group Inc. (ZG) has sold 15,492 shares of firm on Feb 17 at a price of $46.99 against the total amount of $0.73 million. In another inside trade, Spaulding Dan, Chief People Officer of Zillow Group Inc. (NASDAQ:ZG) sold 6,944 shares of the firm on Feb 17 for a total worth of $0.33 million at a price of $47.26. An inside trade which took place on Feb 17, General Counsel of Zillow Group Inc. Owens Bradley D. sold 1,777 shares of firm against total price of $83448.0 at the cost of $46.96 per share.



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