Zillow Group Inc (NASDAQ:Z) price on current trading day, rose 1.11% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $65.75.
A look at the stock’s price movement, the level at last check in today’s session was $65.03. Turning to its 52-week performance, $89.39 and $39.05 were the 52-week high and 52-week low respectively. Overall, Z moved -0.12% over the past month.
Zillow Group Inc’s market cap currently stands at around $15.84 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that Z is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 5 recommend Z as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
Z’s current price about -2.91% and -2.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.95, while 7-day volatility ratio is 1.35% and 1.91% in the 30-day chart. Further, Zillow Group Inc (Z) has a beta value of 2.14, and an average true range (ATR) of 2.27. Analysts have given the company’s stock an average 52-week price target of $41, forecast between a low of $33 and high of $50. Looking at the price targets, the low is 49.81% off recent price level in today’s trading while to achieve the yearly target high, it has to move 23.95%. Nonetheless, investors will most likely welcome a 37.64% jump to $41 which is the analysts’ median price.
If we refocus on Zillow Group Inc (NASDAQ:Z), historical trading data shows that trading volumes averaged 2.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 183.23 million shares.
The 32.57% of Zillow Group Inc’s shares are in the hands of company insiders while institutional holders own 68.67% of the company’s shares. Current price change has pushed the stock -11.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the Z stock continues to rise going into the next quarter.
