While Zillow Group Inc has overperformed by 5.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZG rose by 113.98%, with highs and lows ranging from $75.50 to $36.38, whereas the simple moving average jumped by 54.24% in the last 200 days.
On September 16, 2024, Wedbush Upgraded Zillow Group Inc (NASDAQ: ZG) to Outperform. A report published by Cantor Fitzgerald on September 05, 2024, Initiated its previous ‘Neutral’ rating for ZG. Deutsche Bank initiated its ‘Buy’ rating for ZG, as published in its report on November 21, 2023. Morgan Stanley’s report from July 24, 2023 suggests a price prediction of $55 for ZG shares, giving the stock a ‘Equal-Weight’ rating. Piper Sandler also rated the stock as ‘Overweight’.
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Analysis of Zillow Group Inc (ZG)
Further, the quarter-over-quarter increase in sales is 17.14%, showing a positive trend in the upcoming months.
Zillow Group Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -2.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.13, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and ZG is registering an average volume of 548.26K. On a monthly basis, the volatility of the stock is set at 4.09%, whereas on a weekly basis, it is put at 3.67%, with a gain of 10.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $70.78, showing decline from the present price of $79.26, which can serve as yet another indication of whether ZG is worth investing in or should be passed over.
How Do You Analyze Zillow Group Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 77.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 19.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZG shares are owned by institutional investors to the tune of 19.41% at present.
