Zillow Group Inc shares tumbled 14.07% in premarket trading on Thursday, after the real estate services company provided a downbeat full year revenue outlook, and the expected receipt of some revenue is also being delayed on the back of upbeat second quarter results.
Late Wednesday, August 7, 2019, the Chief Financial Officer of Zillow, Allen Parker said on the post earnings conference call with the analysts that 2019 Premier Agent revenue, at midpoint of guidance ranges is now expected to rise 1% from a year ago. FactSet consensus of $923.4 million suggests a 2.8% increase.
A Wedbush analyst Ygal Arounian reiterated his “neutral” rating on Zillow: “The opportunity is large, but Zillow is going through a gigantic pivot that we think investors have so far underestimated the challenges of, particularly as the race to dominate the end-to-end residential real estate technology stack picks up.”
The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the Z is 1.21%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership for the Z is 2.55%.
A Technology sector firm, Zillow Group, Inc. (NASDAQ:Z) stock climbs 0.38% on Wednesday and when day-trade ended the stock finally concluded at $49.75 and number of shares that changed hands during the day are 3.77 Million. The number of shares Z stock currently held by all its shareholders are 140.63 and floated shares, the number of shares are available for trading in an open market on last trading day are 132.91. The average volume of shares for 3 months is 3057.86 and Z stock value has moved between $26.32 – 51.82 in last one year.
The Zillow Group, Inc. (NASDAQ:Z)’s latest earnings date is 8/7/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The stock has gained 57.54% in 2019 to date.
Zillow Group, Inc. (NASDAQ:Z)’s monthly stock performance is -0.16%, the quarterly performance is 42.75%, the half year performance is calculated as 45.98%. The yearly performance of Z is -14.45%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Zillow Group, Inc. (NASDAQ:Z) weekly volatility is measured as 4.42% and monthly volatility measured as 3.48%.
The price
to sales ratio is 4.70, and price to book ratio is 3.11.
Analysts mean target price for Zillow Group, Inc. (NASDAQ:Z) is $48.00 while
analysts mean recommendation is 2.80. The current share price indicates that
stock is -3.55% away from its one year high and is moving 88.59% ahead of its
52-week low. Z’s distance from 20 day simple moving average is 1.52% and
distance from 50-Day simple moving average is 5.82%.
