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Wednesday, June 7, 2023

Zillow Group Inc. (Z) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Zillow Group Inc. (Z) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $2.01, or 4.74%, to $44.41. The Zillow Group Inc. has recorded 425,969 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Zillow Group Reports First-Quarter 2023 Financial Results.

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Stocks Info

Zillow Group Inc. is listed on the NASDAQ in the Communication Services sector while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $42.40 and fluctuated between $43.59 as its day high and $42.31 as its day low. The current market capitalization of Zillow Group Inc. is $9.89B. A total of 3.43 million shares were traded on the day, compared to an average of 2.61M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, Z has seen 10 BUY and 17 SELL insider trades, representing the acquisition of 466,693 and the disposition of 86,227 shares. Over the last 12 months, there were 20 BUYs and 64 SELLs from insiders. Insiders purchased 8,778,950 shares during that period but sold 8,385,889.

In the most recent transaction, Samuelson Errol G sold 4,185 shares of Z for 42.95 per share on Mar 27. After the transaction, the Chief Industry Dev. Officer now owns 162,165 company shares. In a previous transaction on Feb 17, Wacksman Jeremy sold 15,492 shares at 46.99 per share. Z shares that Chief Operating Officer owns now total 26,166.

Among the insiders who sold shares, Spaulding Dan disposed of 6,944 shares on Feb 17 at a per-share price of $47.26. This resulted in the Chief People Officer holding 15,979 shares of Z after the transaction. In another insider transaction, Owens Bradley D. sold 1,777 shares at $46.96 per share on Feb 17. Company shares held by the General Counsel now total 13,452.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for Z in the last 3 months, the mean price target is $49.35 with high estimates of $65.00 and low estimates of $30.00. In terms of 52-week highs and lows, Z has a high of $49.32 and a low of $26.14.

As of this writing, Z has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.3 per share and a lower estimate of $-0.01. The company reported an EPS of $0.38 in the last quarter, which was 533.30% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Z’s latest balance sheet shows that the firm has $3.13B in Cash & Short Term Investments as of fiscal 2021. There were $5.01B in debt and $3.88B in liabilities at the time. Its Book Value Per Share was $19.13, while its Total Shareholder’s Equity was $5.34B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for Z is Sell with a score of 3.67. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 13 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 1 thought it should be Sold.

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