Zillow Group, Inc. (Z) Stock Price, Quote & News - Stock Analysis (2024)

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Zillow Group, Inc. (Z) Stock Price, Quote & News - Stock Analysis? ›

Out of 13 analysts, 5 (38.46%) are recommending ZG as a Strong Buy, 4 (30.77%) are recommending ZG as a Buy, 3 (23.08%) are recommending ZG as a Hold, 0 (0%) are recommending ZG as a Sell, and 1 (7.69%) are recommending ZG as a Strong Sell.

Out of 13 analysts, 5 (38.46%) are recommending ZG as a Strong Buy, 4 (30.77%) are recommending ZG as a Buy, 3 (23.08%) are recommending ZG as a Hold, 0 (0%) are recommending ZG as a Sell, and 1 (7.69%) are recommending ZG as a Strong Sell.

Based on short-term price targets offered by 23 analysts, the average price target for Zillow Group comes to $55.83. The forecasts range from a low of $36.00 to a high of $70.00. The average price target represents a decline of 7.92% from the last closing price of $60.63.

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Zillow Group stock have an average target of 58.79, with a low estimate of 36 and a high estimate of 80. The average target predicts a decrease of -6.07% from the current stock price of 62.59.

Average Price Target

Based on 14 Wall Street analysts offering 12 month price targets for Zillow Group Class A in the last 3 months. The average price target is $54.60 with a high forecast of $72.00 and a low forecast of $35.00.

Largest shareholders include Caledonia (Private) Investments Pty Ltd, Vanguard Group Inc, BlackRock Inc., VGSIX - Vanguard Real Estate Index Fund Investor Shares, Independent Franchise Partners LLP, NAESX - Vanguard Small-Cap Index Fund Investor Shares, Norges Bank, State Of Wisconsin Investment Board, VTSMX - Vanguard ...

Zillow stock fell following a recent court ruling and subsequent legal case brought against the National Association of Realtors and other brokers. The legal proceedings challenged the common practice of home sellers paying realtor commissions for buyers.

Z is for the new class of non-voting stock, C shares, while the A shares trade under the symbol ZG. Stock splits often have to do more with financial engineering than with company fundamentals.

The term “Z” refers to a designation for Nasdaq-listed securities that identifies a miscellaneous entity. This extension is just one of the fifth-letter identifiers that appear after a company's ticker symbol. It indicates that the stock is different from single issues of common or capital stock.

The Z-score of 0 indicates that the price is trading at its average. A positive Z-score indicates that the price is trading above average. In the case of a negative Z-score, the price is below the moving average. The Z-score of +2 indicates that the price is two standard deviations above the mean.

How profitable is Zillow? ›

Zillow Group-owned Trulia is ranked third for real estate websites in the U.S., averaging 9.8 million monthly visitors in 2023. In 2023, Zillow generated $1.95 billion in revenue, a 0.6% decrease from the $1.96 billion generated in 2022.

Zillow User Demographics

The mean age of buyers on Zillow is 45. Almost one-fifth (17%) of buyers on Zillow are in their twenties or younger. The largest generational group of buyers on Zillow are between the ages of 27 and 41 years (also known as "millennials"). Millennials make up about 37% of buyers on Zillow.

Zillow's rentals and mortgage businesses are showing stronger growth. Rentals revenue was up 28%, at $117 million, and there are now 44,000 multifamily properties on Zillow, up 38% from a year ago. Revenue from Zillow's mortgage business was up 42% at $34 million, while purchase loan origination volume was up 125%.

Zillow Revenue & Profit

Zillow is not yet profitable. The company had a net loss of $158 million in 2023. Over the past 5 years, Zillow's total revenue fluctuated. The company peaked in 2019 with total revenue of $2.7 billion, 41% more than the company generated in 2023.

After expanding into rental and mortgage markets, Zillow went public in 2011 and quickly extended its presence in the marketplace by acquiring StreetEasy and HotPads in the next two years. In 2015, Zillow acquired its nearest competitor, Trulia, and announced the formation of Zillow Group.

Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current ...

The shifting ranks show how hard high mortgage rates and limited inventory hit the firms in the second half of 2022 and crippled the housing market nationwide. Zillow ranked 424th on the list unveiled last June, followed by Anywhere at 427th and Compass at 495th.