In today’s recent session, 5.81 million shares of the Zillow Group Inc. (NASDAQ:ZG) have been traded, and its beta is 1.30. Most recently the company’s share price was $69.10, and it changed around -$16.38 or -19.16% from the last close, which brings the market valuation of the company to $20.32B. ZG at last check was trading at a discount to its 52-week high of $212.40, offering almost -207.38% off that amount. The share price’s 52-week low was $83.54, which indicates that the recent value has fallen by an impressive -20.9% since then. We note from Zillow Group Inc.’s average daily trading volume that its 10-day average is 2.1 million shares, with the 3-month average coming to 743.57K.

Zillow Group Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 1 out of 24 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 11 recommended ZG as a Hold, whereas 10 deemed it a Buy, and 1 rated it as Underweight. Zillow Group Inc. is expected to report earnings per share of $0.16 for the current quarter.

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Instantly ZG has been showing red trend so far today with a performance of -19.16% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 105.85 on Tuesday, 11/02/21 increased the stock’s daily price by 34.72%. The company’s shares are currently down -37.12% year-to-date, but still down -11.13% over the last five days. On the other hand, Zillow Group Inc. (NASDAQ:ZG) is -0.23% down in the 30-day period. We can see from the shorts that 1.92 million shares have been sold at a short interest cover period of 4.43 day(s).

The consensus price target as assigned by Wall Street analysts is $121.45, which translates to bulls needing to increase their stock price by 43.1% from its current value. Analyst projections state that ZG is forecast to be at a low of $50.00 and a high of $217.00. In order for the stock price to hit the forecast high, the stock would need to plunge -214.04% from its current level, while the stock would need to crash 27.64% from its current level to reach the projected low. Zillow Group Inc. (ZG) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -56.80% in revenue this quarter, and will report a decrease of -65.90% in the next quarter. The year-over-year growth rate is expected to be 96.90%, up from the previous year.

Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $2.01 billion in revenue for the current quarter. 19 analysts expect Zillow Group Inc. to make $2.04 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $656.69 million and $788.95 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 205.60%. Forecasts for the next quarter put sales growth at 158.20%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.80%. Zillow Group Inc. earnings are expected to increase by 51.10% in 2021, but the outlook is positive 73.50% per year for the next five years. ZG Dividends

Zillow Group Inc.’s next quarterly earnings report is expected to be released around November 03 and November 08. Zillow Group Inc. (NASDAQ:ZG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.44% of Zillow Group Inc. shares, and 91.78% of them are in the hands of institutional investors. The stock currently has a share float of 95.06%. Zillow Group Inc. stock is held by 528 institutions, with Caledonia (Private) Investments Pty Ltd being the largest institutional investor. By Mar 30, 2021, it held 25.75% of the shares, which is about […]

source Risk-Taking Investors May Find Zillow Group Inc. (NASDAQ: ZG) Worth A Gamble.

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