Analyst Expects Zillow Group Inc (NASDAQ: ZG) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Zillow Group to Announce Fourth-Quarter and Full-Year 2023 Results Feb. 13.

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Stocks Info

As a NASDAQ listed company, ZG falls under the Communication Services sector while operating within the Internet Content & Information industry segment. At the end of the last regular session, the stock closed at $53.39 and fluctuated between $54.59 as its day high and $52.39 as its day low. The current market capitalization of Zillow Group Inc is $12.47B. A total of 0.52 million shares were traded on the day, compared to an average of 764.54K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ZG has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 21,855 shares. Over the last 12 months, there were 0 BUYs and 1 SELLs from insiders. Insiders purchased 0 shares during that period but sold 21,855.

In the most recent transaction, Rock Jennifer sold 2,222 shares of ZG for 45.19 per share on Dec 06. After the transaction, the Chief Accounting Officer now owns 63,736 company shares. In a previous transaction on Dec 05, Daimler Susan sold 3,865 shares at 43.46 per share. ZG shares that President of Zillow owns now total 44,604.

Among the insiders who sold shares, Daimler Susan disposed of 2,380 shares on Dec 05 at a per-share price of $43.48. This resulted in the President of Zillow holding 29,363 shares of ZG after the transaction. In another insider transaction, Hofmann Jeremy sold 7,637 shares at $40.01 per share on Nov 24. Company shares held by the Chief Financial Officer now total 108,887.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ZG in the last 3 months, the mean price target is $53.50 with high estimates of $79.00 and low estimates of $32.00. In terms of 52-week highs and lows, ZG has a high of $58.82 and a low of $33.23.

As of this writing, ZG has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.21 per share and a lower estimate of $0. The company reported an EPS of $0.39 in the last quarter, which was 116.70% higher than expectations of $0.18.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ZG’s latest balance sheet shows that the firm has $2.83B in Cash & Short Term Investments as of fiscal 2021. There were $1.60B in debt and $3.88B in liabilities at the time. Its Book Value Per Share was $19.39, while its Total Shareholder’s Equity was $5.34B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 ZG is Buy with a score of 3.96.

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