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Zillow Group, Inc. Class A

https://www.zillowgroup.com

Industry

Internet Content & Information

Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT segment offers premier agent, rentals, and new construction marketplaces, as well as dotloop, display, and other advertising, as well as business software solutions. The Mortgage segment provides home loans; and marketing products including custom quote and connect services. Its portfolio of brands includes Zillow Rentals, Trulia, StreetEasy, Zillow Closing Services, HotPads, and Out East. The company was incorporated in 2004 and is headquartered in Seattle, Washington.

Open

71.19

Mkt cap

17B

Volume

595K

High

71.41

P/E Ratio

-121.95

52-wk high

73.89

Low

69.80

Div yield

N/A

52-wk low

36.38

Analyst evaluations of Zillow Group Inc (NASDAQ:ZG) show mixed sentiments with a recent shift towards a more cautious outlook. Over the last three months, 11 analysts have provided ratings, with the latest assessments indicating a decrease in bullishness. The average 12-month price target has been raised to $63.82, reflecting a 21.96% increase from the previous target. Analyst actions include adjustments to ratings and price targets, with some maintaining their positions and others raising or lowering their expectations based on Zillow's market dynamics and performance. Zillow's financial performance shows strong revenue growth and ROE, but challenges in net margin and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 3:01 pm

Canaccord Genuity analyst Maria Ripps maintains a Hold rating on Zillow Group (ZG) and lowers the price target from $58 to $50.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:46 pm

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

The article highlights the top 3 oversold real estate stocks, identified by their low RSI values, suggesting potential for gains. American Tower Corporation (AMT), Zillow Group, Inc. (ZG), and Opendoor Technologies Inc. (OPEN) are mentioned as having RSI values near or below 30, indicating they are oversold. Recent analyst actions and price movements for each stock are also detailed.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 11:46 am

JMP Securities analyst Nicholas Jones has reiterated a Market Outperform rating on Zillow Group (ZG) with a maintained price target of $68.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:11 pm

Innovative Industrial Properties (IIPR), a cannabis-focused real estate investment trust, has outperformed major stocks like Tesla (TSLA), Apple (AAPL), Citigroup (C), and Zillow Group (ZG) over the past year with a return of 36.26%. IIPR has been paying quarterly dividends since Q2 2017 and reported a slight increase in net income for Q4 2023. The company owns 108 properties across the U.S. and will be a topic at the upcoming Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nina Zdinjak

April 11, 2024 | 4:45 pm

Zillow shares are trading lower due to overall market weakness after the release of hotter-than-expected March inflation data, leading to uncertainty about rate cuts.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:34 pm

12 analysts have recently reviewed Zillow Gr (NASDAQ:ZG), showing a mix of bullish to bearish sentiments. The average 12-month price target is $64.17, indicating a 20.42% increase from the previous target. Analysts' actions range from maintaining to raising ratings, with price targets adjusted accordingly. Zillow Gr's financial performance shows positive revenue growth and effective equity capital utilization but faces challenges in net margin and profitability.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:01 pm

DA Davidson analyst Tom White maintains a Buy rating on Zillow Group (ZG) and sets a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:42 pm

JPMorgan analyst Cory A. Carpenter discussed insights from a meeting with Match Group Inc's CEO, Bernard Kim, focusing on Tinder's strategy of incremental innovations and its impact on user engagement and conversion rates. The strategy includes tailored subscription offerings and localized features, aiming to enhance the user experience without major changes to its core swiping mechanism. Additionally, recent board additions at Match Group, including executives from Instacart and Zillow Group, signal a commitment to product and marketing innovation. Despite a downward revision in revenue estimates for the online dating industry, a positive long-term growth outlook is maintained.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 1:22 pm

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