Unusual activity has been detected in the options market for Zillow (Z, Financial), as a significant number of call contracts—2,525 to be precise—have been traded, meeting expectations. This surge in activity has also led to a nearly six-point increase in implied volatility, bringing it to 66.68%.
The most heavily traded options are the Jun-25 77.5 calls and May-25 72.5 calls, with their combined volume nearing 1,000 contracts. Such activity highlights investor interest, especially with Zillow’s upcoming earnings report expected on May 7th.
Moreover, the Put/Call Ratio for Zillow stands at 0.46, indicating a higher volume of call options relative to put options, a potentially bullish signal as investors seem to bet on a favorable earnings outcome.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Zillow Group Inc (Z, Financial) is $88.62 with a high estimate of $110.00 and a low estimate of $70.00. The average target implies an upside of 46.94% from the current price of $60.31. More detailed estimate data can be found on the Zillow Group Inc (Z) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Zillow Group Inc's (Z, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Zillow Group Inc (Z, Financial) in one year is $64.05, suggesting a upside of 6.2% from the current price of $60.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Zillow Group Inc (Z) Summary page.
