36.8 F
New York
Saturday, October 31, 2020

Zillow Group Inc. (NASDAQ:ZG) is Holding Steady

Must read

Renewed Optimism is Surrounding Novan Inc. (NASDAQ:NOVN)

Novan Inc. (NOVN) shares are trading at lower $0.47 and the avg recommendation for the stock is Moderate Buy. To add more color to...

Is Now the Time to Invest in 1-800-FLOWERS.COM Inc. (NASDAQ:FLWS)?

1-800-FLOWERS.COM Inc. (FLWS) shares are trading at lower $21.37 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Gold Fields Limited (NYSE:GFI) is Gaining Momentum on Earnings Catalyst

Gold Fields Limited (GFI) shares are trading at higher $10.80 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

NIKE Inc. (NYSE:NKE) on the Path to Profitability

NIKE Inc. (NKE) shares are trading at higher $122.86 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Zillow Group Inc. (ZG) shares are trading at higher $98.60 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $88.89.

To add more color to this target, the company’s high over the last year is $97.69 and the low is $18.65. Over the last 52 weeks, ZG is up 227.25% while the S&P 500 is up 10.76%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

ZG booked profit margins of -11.50%, its Return on Equity (ROE) is -11.50%, and its Return on Assets is -6.70%. All told, it is clear that, ZG needs to be on your watchlist.

Find out when ZG reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ZG has a short ratio of 2.29 and outstanding shares of 219.47M.

Company Outlook

ZG has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -1.96. Investors should also keep an eye on sector updates as ZG has historically followed its peers on positive news.

All told, Zillow Group Inc. ZG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ZG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Zillow Group Inc. ZG is now commanding a market cap of 22.62B and a float of 198.34M. ZG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ZG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ZG, either long or short, and we have not been compensated for this article.

Latest article

Curaleaf Holdings Inc (OTCMKTS:CURLF) Soars As The Company Launches New Product

Despite the troubles of many cannabis stocks in recent times, Curaleaf Holdings Inc (OTCMKTS:CURLF) stock managed to emerge as one of the...

Why Tencent Holdings ADR (OTCMKTS:TCEHY) has been Thrust into the Spotlight

Chinese technology conglomerate Tencent Holdings ADR (OTCMKTS:TCEHY) has been in focus this month among investors, and that has led to a healthy...

Very Good Food Company Inc (OTCMKTS:VRYYF) Hits New High On Renewed Optimism

One of the stocks to have come into focus over the past two weeks is Very Good Food Company Inc (OTCMKTS:VRYYF).

Is Now the Time to Invest in Pilgrim’s Pride Corporation (NASDAQ:PPC)?

Pilgrim's Pride Corporation (PPC) shares are trading at higher $16.27 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Kontoor Brands Inc. (NYSE:KTB) Stock is Soaring, Here is Why

Kontoor Brands Inc. (KTB) shares are trading at higher $34.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst...