Zillow Group Inc. (NASDAQ:Z) stock’s Relative Strength Index (RSI) is 39.23, with weekly volatility at 3.55% and ATR at 5.43. The Z stock’s 52-week price range has touched low of $54.31 and a $208.11 high. Its shares traded higher over the last trading session, gaining 0.34% on 06/04/21. The shares fell to a low of $107.7812 before closing at $108.80. Intraday shares traded counted 2.55 million, which was 26.24% higher than its 30-day average trading volume of 3.46M. Z’s previous close was $108.43 while the outstanding shares total 179.77M.
Investors have identified the Internet Content & Information company Zillow Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $19.56 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Zillow Group Inc. (Z) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For Z, the company has in raw cash 3.52 billion on their books with 662.17 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 5.75 billion total, with 933.41 million as their total liabilities.
Z were able to record 230.17 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.74 billion. In cash movements, the company had a total of 241.66 million as operating cash flow.
Potential earnings growth for Zillow Group Inc. (Z)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Zillow Group Inc. recorded a total of 1.22 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 7.6% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 35.25%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 687.03 million trying to sell their products during the last quarter, with the result yielding a gross income of 531.41 million. This allows shareholders to hold on to 179.77M with the recently reported earning now reading 0.21 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.25 cents a share).
Is the stock of Z attractive?
In related news, Chief Technology Officer, Beitel David A. sold 5,000 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 114.41, for a total value of 572,069. As the sale deal closes, the General Counsel, Owens Bradley D. now sold 1,000 shares of the company’s stock, valued at 119,000. Also, Chief Financial Officer, Parker Allen sold 15,000 shares of the company’s stock in a deal that was recorded on May 25. The shares were price at an average price of 115.00 per share, with a total market value of 1,725,000. Following this completion of acquisition, the President, Homes, Prawer Arik now holds 7,073 shares of the company’s stock, valued at 793,097. In the last 6 months, insiders have changed their ownership in shares of company stock by 9.55%.
13 out of 23 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Zillow Group Inc.. 1 analysts has assigned a Sell rating on the Z stock. The 12-month mean consensus price target for the company’s shares has been set at $184.56.