Zillow Group (NASDAQ:Z – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42), Zacks reports. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the previous year, the company posted ($0.06) EPS. Zillow Group updated its Q2 2024 guidance to EPS.
Zillow Group Trading Up 2.1 %
Shares of Z stock opened at $40.69 on Friday. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of -58.97 and a beta of 1.79. The company has a current ratio of 3.32, a quick ratio of 3.24 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $48.55 and a 200 day moving average price of $48.83. Zillow Group has a twelve month low of $33.80 and a twelve month high of $61.13.
Insider Transactions at Zillow Group
In other Zillow Group news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $320,411.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy Bohutinsky sold 93,750 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $320,411.88. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 over the last ninety days. 23.76% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Zillow Group
About Zillow Group
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
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