Prepare Yourself for Liftoff: Zillow Group Inc. (Z)

Zillow Group Inc. (NASDAQ: Z) stock jumped 0.18% on Thursday to $45.29 against a previous-day closing price of $45.21. With 2.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.41 million shares. The 52-week range on Z shows that it touched its highest point at $49.32 and its lowest point at $26.14 during that stretch. It currently has a 1-year price target of $50.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of Z was down-trending over the past week, with a drop of -1.26%, but this was up by 8.51% over a month. Three-month performance surged to 10.17% while six-month performance rose 31.47%. The stock gained 22.60% in the past year, while it has gained 40.61% so far this year. A look at the trailing 12-month EPS for Z yields -0.56 with Next year EPS estimates of 1.62. For the next quarter, that number is 0.17. This implies an EPS growth rate of -23.10% for this year and 47.30% for next year.

Float and Shares Shorts:

At present, 170.60 million Z shares are outstanding with a float of 153.55 million shares on hand for trading. On Apr 27, 2023, short shares totaled 17.72 million, which was 7.57% higher than short shares on Mar 30, 2023. In addition to Mr. Lloyd D. Frink as the firm’s Co-Founder, Exec. Chairman & Pres, Mr. Richard N. Barton serves as its Co-Founder, CEO & Director.

Institutional Ownership:

Through their ownership of 104.07% of Z’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.85% of Z, in contrast to 35.61% held by mutual funds. Shares owned by individuals account for 11.19%. As the largest shareholder in Z with 21.33% of the stake, Caledonia holds 36,394,056 shares worth 36,394,056. A second-largest stockholder of Z, The Vanguard Group, Inc., holds 22,262,003 shares, controlling over 13.05% of the firm’s shares. Independent Franchise Partners LL is the third largest shareholder in Z, holding 13,675,475 shares or 8.02% stake. With a 4.01% stake in Z, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,847,803 shares are owned by the mutual fund manager. The Pacer Fds. Tr. – US Cash Cows 100, which owns about 3.79% of Z stock, is the second-largest Mutual Fund holder. It holds 6,458,293 shares valued at 281.19 million. Vanguard Total Stock Market ETF holds 2.87% of the stake in Z, owning 4,900,637 shares worth 213.37 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, Z reported revenue of $1.01B and operating income of $19.00M. The EBITDA in the recently reported quarter was $80.00M and diluted EPS was $0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for Z since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With Z analysts setting a high price target of $65.00 and a low target of $30.00, the average target price over the next 12 months is $50.30. Based on these targets, Z could surge 43.52% to reach the target high and fall by -33.76% to reach the target low. Reaching the average price target will result in a growth of 11.06% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded Z stock several times over the past three months with 10 Buys and 2 Sells. In these transactions, 466,693 shares were bought while 14,185 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 52 over the past year. The total number of shares bought during that period was 6,307,470 while 5,881,709 shares were sold.

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