Zillow Group (NASDAQ:ZG – Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08, Briefing.com reports. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The firm had revenue of $572.00 million during the quarter, compared to the consensus estimate of $538.36 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Zillow Group updated its Q3 2024 guidance to EPS.
Zillow Group Price Performance
Shares of NASDAQ ZG traded up $2.26 during midday trading on Friday, hitting $49.96. 1,196,349 shares of the company’s stock were exchanged, compared to its average volume of 664,298. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $45.91 and its two-hundred day moving average price is $47.11. The company has a market cap of $11.80 billion, a price-to-earnings ratio of -72.41 and a beta of 2.05. Zillow Group has a 12-month low of $33.23 and a 12-month high of $59.23.
Insider Buying and Selling at Zillow Group
In related news, insider Susan Daimler sold 5,786 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total value of $255,856.92. Following the completion of the transaction, the insider now directly owns 35,572 shares in the company, valued at $1,572,993.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zillow Group news, CAO Jennifer Rock sold 2,640 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.17, for a total transaction of $116,608.80. Following the transaction, the chief accounting officer now directly owns 83,744 shares in the company, valued at $3,698,972.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 5,786 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.22, for a total transaction of $255,856.92. Following the completion of the sale, the insider now owns 35,572 shares of the company’s stock, valued at $1,572,993.84. The disclosure for this sale can be found here. Insiders sold a total of 210,394 shares of company stock worth $10,279,878 over the last three months. 17.14% of the stock is owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on Zillow Group
Zillow Group Company Profile
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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