While Zillow Group Inc has overperformed by 0.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZG rose by 31.82%, with highs and lows ranging from $59.23 to $33.23, whereas the simple moving average jumped by 12.45% in the last 200 days.
On January 10, 2024, BofA Securities Downgraded Zillow Group Inc (NASDAQ: ZG) to Neutral. A report published by JMP Securities on December 12, 2023, Upgraded its rating to ‘Mkt Outperform’ for ZG. Deutsche Bank also rated ZG shares as ‘Buy’, setting a target price of $50 on the company’s shares in an initiating report dated November 21, 2023. Morgan Stanley Initiated an Equal-Weight rating on July 24, 2023, and assigned a price target of $55. Piper Sandler July 11, 2023d its ‘Neutral’ rating to ‘Overweight’ for ZG, as published in its report on July 11, 2023. Wells Fargo’s report from June 27, 2023 suggests a price prediction of $50 for ZG shares, giving the stock a ‘Equal Weight’ rating. Bernstein also rated the stock as ‘Mkt Perform’.
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Analysis of Zillow Group Inc (ZG)
Further, the quarter-over-quarter increase in sales is 8.97%, showing a positive trend in the upcoming months.
One of the most important indicators of Zillow Group Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -3.51% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.24, 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 also provide valuable insight into volatility, and ZG is recording 739.42K average volume. Furthermore, long-term investors anticipate a median target price of $62.04, showing growth from the present price of $54.06, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 77.18%. 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 20.23% 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 20.23% at present.
