Gordon Haskett has recently initiated Zillow Group Inc Class C (Z) stock to Hold rating, as announced on April 18, 2023, according to Finviz. Earlier, on February 3, 2022, Jefferies had resumed the stock to Buy, setting a price target of $75 for Z stock. Standpoint Research also reduced Hold rating. Additionally, Needham raised Buy rating on June 8, 2020, with a target price of $80. KeyBanc Capital Markets analysts, in their report published on February 28, 2020, also initiated Sector Weight rating for Zillow Group Inc Class C’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Zillow Group Inc Class C (Z) Stock Trading Recap
On Monday, Zillow Group Inc Class C (Z) stock saw a decline, ending the day at $63.85 which represents a decrease of $-1.63 or -2.49% from the prior close of $65.48. The stock opened at $65.1 and touched a low of $63.26 during the day, reaching a high of $66.01. The volume of shares traded was 3.40 million falling short of the average volume of 3.72 million.
Z Stock Performance and Moving Averages
In recent trading, Zillow Group Inc Class C (Z) stock price has shown some volatility, fluctuating -2.55% over the last five trades and 14.28% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 32.41%, and it has gained 39.90% in the previous three months. Currently, Z is trading at 5.69%, 16.56%, and 25.19% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, Z, a Communication Services sector stock, is trading -7.10% below its 52-week high but remains 88.91% above its 52-week low. The Average True Range (ATR) (14 days) of 2.41 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Zillow Group Inc Class C’s Profitability and Valuation Ratios
Zillow Group Inc Class C’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -10.67% and a profit margin of -6.81%, with a gross margin of 32.41%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Zillow Group Inc Class C’s market capitalization stands at $14.76 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 35.12. Additionally, the Price-to-Sales Ratio is 7.13, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.28, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 34.78% of Zillow Group Inc Class C (Z)’s shares, while financial institutions hold 69.73%.
Notable insider trades include Bohutinsky Amy, Director at Zillow Group Inc Class C (Z), who sold 20625 shares on Sep 18 ’24, at $67.23 each, totaling $1.39 million. On Sep 16 ’24, Cormier Thielke Claire, Director, sold 2826 shares for $61.11 each, amounting to $0.17 million. Additionally, on Sep 10 ’24, Daimler Susan sold 3484 shares at $54.18 each, generating $0.19 million.
