Zillow Group (NASDAQ:Z – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.42), Zacks reports. The company had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Zillow Group updated its Q2 2024 guidance to EPS.
Zillow Group Stock Up 2.1 %
Shares of NASDAQ Z opened at $40.69 on Friday. Zillow Group has a 12-month low of $33.80 and a 12-month high of $61.13. The firm’s 50-day simple moving average is $48.55 and its 200 day simple moving average is $48.83. The company has a quick ratio of 3.24, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market cap of $9.50 billion, a price-to-earnings ratio of -58.97 and a beta of 1.79.
Insider Buying and Selling at Zillow Group
In related news, 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 value of $5,314,687.50. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Jennifer Rock sold 7,352 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the sale, the director now directly owns 5,652 shares of the company’s stock, valued at $320,411.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is currently owned by corporate insiders.
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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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